Sterlite Power secures new orders worth INR 1200 crores in Q2 FY’25
The company has received India’s first 144-fiber count OPGW cable order from a leading state utility
Mumbai, November 11, 2024— Sterlite Power, a leading global power products and solutions business, has secured new orders worth INR 1200 crores across its Global Products and Services (GPS) business in Q2 FY’25. With cumulative orders wins reaching INR 2700 crores for H1 FY’25, Sterlite Power continues to solidify its market leadership domestically while expanding its reach globally into new regions. The GPS business of Sterlite Power is focused on high-performance, sustainable products, and specialized Engineering, Procurement, and Construction (EPC) services.
Mr. Reshu Madan, CEO, Global Products and Services, while reflecting on the recent order wins said, “Sterlite Power’s success is fuelled by our commitment to modern technologies and a strategic focus on customer-centric solutions. Our continued growth is anchored in delivering innovative products and responding to the global demand for high-quality, sustainable power transmission solutions. Key wins, such as India’s first 144-fiber count OPGW cable order, exemplify our leadership and reinforce our goal of being amongst the top 10 wire and cable company globally.”
Key Order Highlights are as follows:
High-Performance Conductors & OPGW:
The Overhead Conductor business is witnessing remarkable demand in both domestic and international markets. Sterlite has bagged new orders totalling INR 800 crores in Q2 FY’25 for high-performance conductors and Optical Ground Wire (OPGW) products. In the domestic segment, the major orders were towards supply of conductors for Green Energy Transmission projects including Angul-Paradeep, Yalwar, and Runija-Indore Transmission Lines. The export segment saw order wins for high-performance green products from The United States of America, the European Union, Africa, and the Middle East. The company also received India's first 144-fiber count OPGW cable order from a state utility, which reassures client confidence in company to develop solutions. Export orders for OPGW have been confirmed from regions of Europe and Africa with enormous traction in domestic market from the Power Grid Corporation of India and state utilities.
Power Cables:
The Power Cables business is on a continuous growth trajectory and has been consolidating its position in the wire and cable segment. The company has won orders totalling INR 380 Cr in Q2 FY’25 covering a mix of Medium Voltage (MV), High Voltage (HV), and Extra High Voltage (EHV) cables. The major orders were towards supply of cables for state utilities and PSUs.
About Sterlite Power:
Sterlite Power is a leading private sector power transmission infrastructure developer and Global Products and Services provider. We have a robust portfolio of thirty-three completed, sold and under construction power transmission projects covering approximately 16,529 circuit kms of transmission lines across India and Brazil. In India, Sterlite Power has about USD 2 billion worth of projects under management. It has won a third (by tariff) of all inter-state private transmission projects awarded in India under competitive bidding since 2011.
Our Global Products & Services business manufactures and supplies high-performance power conductors, extra-high voltage (EHV), high voltage (HV) and medium voltage (MV) cables and optical ground wires (OPGW), to over seventy countries. We have proven ourselves a leading cable solution provider with four state-of-the-art manufacturing facilities. We also offer EPC turnkey capabilities to provide end-to-end integrated cables solutions to our customers. Our specialized EPC vertical provides bespoke solutions for the upgrade, uprate, and fiberization of existing transmission infrastructure projects. Advancing the carriage toward a green energy-efficient future, Sterlite Power has an increasing focus on integrating renewable energy into the grid. It is the first transmission player to launch InvIT in the power sector, listed on the BSE Limited and the National Stock Exchange of India Limited. The Company has been recognized as the ‘Power Transmission Company of the Year’ at The Economic Times Energy Leadership Summit 2023 and is a recipient of international awards from S&P Platts as well as International Project Management Association (IPMA). For more details, please visit https://www.sterlitepower.com/
