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Sterlite Power bags Rs 3800 cr orders to boost solutions business

Tuesday, 24 Jan 2023
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Sterlite Power has secured orders worth around Rs 3,800 crore for its solutions business across domestic and international markets during the first three quarters of FY23.

The order entails uprate of existing power transmission lines for 132 kV, 220 kV and 400 kV of Power Grid Corporation (PGCIL), Meghalaya Power Transmission Corporation (MePTCL) and West Bengal State Electricity Transmission Company (WBSETCL). The strategic orders include the supply of extra high voltage (EHV) cables to Maharashtra State Electricity Transmission Company (MSETCL) and Rajasthan Rajya Vidyut Prasaran Nigam (RVPN).

Further, the company will supply and install optical ground wire (OPGW) to Haryana Vidyut Prasaran Nigam (HVPNL) towards fiberisation of the state’s existing transmission network for 66 kV, 132 kV, 220 kV and 400 kV.

As part of its products vertical, the company has received orders for conductors and OPGW from large customers in India, America, SAARC, and MEA region for major green energy transmission projects in India and overseas.

Current projects under Sterlite’s portfolio includes six transmission projects under development including the recent contract for inter-state transmission system projects in J&K as well as in north-eastern states for integrating green power to the national grid. The company is also building its largest green energy transmission corridor in Gujarat to meet India’s renewable energy target of installing 500 GW.

Mumbai Urja Marg, Goa Tamnar Transmission Project, and Udupi Kasargode Transmission are other ongoing projects.

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