Sterlite Power, a leading global provider of power products and solutions, has announced that it has secured orders worth ₹1,500 crores across its Global Products and Services (GPS) business in the first quarter of FY’25. This achievement marks a 15% quarter-on-quarter increase in order bookings compared to Q1 FY’24 and reinforces the company’s strong position in the domestic market while also expanding into new export regions.
The newly acquired orders span various segments of the GPS business, which focuses on high-performance green products and specialised Engineering, Procurement and Construction (EPC) services. With these new orders, Sterlite Power’s total order book now exceeds INR 6,560 crores at the beginning of this financial year. Reshu Madan, CEO of Global Products and Services, commented on the recent successes, stating, “The GPS business is witnessing remarkable expansion, reflecting the surge in the transmission sector and India’s robust economic outlook. These new orders reflect the materialising of our strategic business growth goals and the increasing demand for our products both domestically and internationally.”
In the high-performance conductors and Optical Ground Wire (OPGW) segment, the company has experienced strong demand, particularly for its conductors in Tariff Based Competitive Bidding (TBCB) transmission projects. Sterlite Power has secured significant orders in Q1, thereby maintaining its market leadership in India and establishing itself as the supplier of choice. Additionally, the business has successfully entered new export markets, further strengthening its export focus.
The power cable business has also played a crucial role in enhancing India’s power infrastructure and disaster preparedness measures. Sterlite Power has secured orders worth ₹250 crores for the supply of Medium Voltage (MV) cables as part of the Government of India’s disaster management scheme, aimed at ensuring an uninterrupted power supply in disaster-prone areas. The company is also contributing to industrial modernisation by undertaking a turnkey project to replace aging overhead power cable systems, which demonstrates its expertise in large-scale infrastructure projects and commitment to providing reliable power distribution solutions. Multiple orders have also been secured in the Extra High Voltage (EHV), High Voltage (HV), and Medium Voltage (MV) cables categories.
Moreover, Sterlite Power has gained a significant order for specialised EPC services, which includes uprating two critical 66kV lines for the Gujarat Energy Transmission Corporation Limited (GETCO). This project will enhance ampacity through line reconductoring using high-performance conductors, marking Sterlite Power’s first HTLS reconductoring project in the western region.
