Sterlite Power bags orders worth Rs 3,800 cr in Apr-Dec

The orders were bagged by the 'solutions' business unit in the domestic and international markets during the first three quarters FY23, showing a growth of 90% growth compared to the same period of FY22

FPJ Web DeskUpdated: Monday, January 23, 2023, 02:28 PM IST
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Sterlite Power bags orders worth Rs 3,800 cr in Apr-Dec | Image: Sterlite Power (Representative)

Sterlite Power on Monday said it has bagged orders worth Rs 3,800 crore in the first three quarters of this fiscal, which is 90 per cent higher than a year ago, as per a company release.

The orders were bagged by the 'solutions' business unit in the domestic and international markets during the first three quarters FY23, showing a growth of 90 per cent growth compared to the same period of FY22, a company statement said.

Sterlite Power is a leading power transmission developer and solutions provider.

The new order wins are for the uprate of existing power transmission lines for 132 kV, 220 kV and 400kV of Power Grid Corporation of India (PGCIL) and state utilities like Meghalaya Power Transmission Corporation Ltd (MePTCL), and West Bengal State Electricity Transmission Company Ltd (WBSETCL).

For Haryana Vidyut Prasaran Nigam Ltd., the business will provide and instal OPGW for fiberizing the state's current transmission network at 66 kV, 132 kV, 220 kV, and 400 kV. (HVPNL).

According to the statement, the company received prestigious orders for conductors and OPGW from significant clients in India, the Americas, SAARC, and the MEA area.

Supplies for significant green energy transmission projects in India and abroad are among the orders.

Additionally, the business has obtained strategic orders from state utilities including Rajasthan Rajya Vidyut Prasaran Nigam Limited and Maharashtra State Electricity Transmission Company Limited (MSETCL) for the provision of Extra High Voltage (EHV) cables (RVPNL).

The company has also been marking its presence in Turnkey EHV Cable Projects including Substation at various Utilities i.e., UPPTCL, OPTL & MPPTCL.

Manish Agarwal, Director & CEO India Transmission Business, Sterlite Power, said in the statement, "With power utilities facing increased pressure due to a rapidly growing population, increased demand and ageing infrastructure, there is an urgent need for uprates and upgrades."

With inputs from Agencies.

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