In a significant stride towards advancing India’s green energy transformation and expanding its global footprint, Sterlite Power, a leading power transmission developer and global products and services provider, has reported a substantial surge in orders for its Global Products and Services (GPS) business during the second quarter of the fiscal year 2024. The newly secured orders, amounting to approximately ₹2,000 crores, mark a noteworthy increase of ₹700 crores compared to the previous quarter, reinforcing the company’s robust performance and reflecting the global momentum in the transmission infrastructure components market.
Sterlite Power’s cumulative order intake for the first half of FY ’24 stands at a formidable ₹3,300 crores. The orders encompass a diverse range of high-performance, green products such as conductors, Optical Ground Wire (OPGW), cables, and specialised Engineering, Procurement, and Construction (EPC) services. These orders hail from both domestic and international markets, highlighting the company’s commitment to playing a pivotal role in India’s green grid transformation.
Notable among Sterlite Power’s recent achievements is the securing of major orders for prestigious projects, including the Power Grid Corporation of India Ltd’s 765kV D/c BHADLA III – SIKAR II (Part – 1) and the supply of OPGW cables for Part E transmission project in Rajasthan. These projects support the ongoing renewable energy evacuation efforts in the western region of the country, underscoring Sterlite Power’s role in shaping India’s sustainable energy future.
Internationally, Sterlite Power is solidifying its presence in the Americas, Africa, and the Middle East, indicating its commitment to contributing to the global energy transition. The company’s CEO of Global Products & Services business, Manish Agarwal, expressed excitement about the impact their products and services are making on projects of national and international importance. Agarwal emphasised the company’s commitment to providing cutting-edge solutions to help achieve both global and India’s net-zero ambitions.
Sterlite Power’s Power Cables segment has also witnessed strategic wins for critical infrastructure projects, including metros, data centres, hospitals, and power projects. The company will supply 33kV cables to Phase 2 of Ahmedabad Metro rail and Phase 1 of Surat Metro rail projects, contributing to faster and smoother commutes for millions. Additionally, Sterlite Power will provide 132kV cables to the Sawai Mansingh Hospital Expansion Project in Jaipur and 33kV cables to energy-intensive data centres in Bengaluru, ensuring uninterrupted power supply for these vital services.
Beyond supplying cutting-edge power products, Sterlite Power’s specialised EPC services are addressing network congestion challenges for power utilities. The company has secured new orders for the uprate of existing power transmission lines of 132kV and 220kV for Rajasthan and Odisha state power utilities.
