Sterlite Power wins orders worth INR 1600 crores
Secures multiple new orders in the Solutions business during the period Jan – April 2022
AZIR KHOBOR, Guwahati, 30 May 2022: Sterlite Power, a leading power transmission developer and solutions provider, has secured multiple orders worth ~INR 1600 crores across its Solutions business in the domestic and international markets.
The company has secured orders from customers like Power Grid Corporation of India (PGCIL), Damodar Valley Corporation (DVC), and West Bengal State Electricity Transmission Company Limited (WBSETCL) in the MSI (Master System Integrator) segment. The orders are for the installation and supply of high-performance conductors and reconductoring solutions for transmission projects. In the Products segment, Sterlite Power has acquired strategic maiden orders of EHV cables for state transmission utilities in Bihar, Madhya Pradesh, Maharashtra, and Karnataka and orders for overhead lines fromlarge and reputed international customers in North America and CIS regions.
Commenting on the order wins, Mr. Manish Agarwal, CEO – India Transmission Business, Sterlite Power, said, “We are happy to win these new orders across our Solutions business which significantly adds to our robust orderbook. Our integrated model provides us with a strategic advantage in delivering complex projects successfully while also diversifying our revenue base.”
As part of its Solutions business unit, the company manufactures and sells a diversified portfolio of products, covering high performance conductors, OPGW and EHV power cables, to international customers, including central and state electricity transmission companies, transmission developers and transmission engineering, procurement, and construction (“EPC”) contractors. Further, its MSI sub-unit is a provider of specialty contracting services, delivering bespoke solutions for the upgrade, uprate and fiberization of brownfield transmission infrastructure projects. In addition, the company also offers underground EHV turnkey services including cable laying and substation development.
Under its infrastructure business segment, where the company bids to develop transmission projects, it has recently won inter-state transmission system projects in J&K as well as north-east India which will play a pivotal role in connecting clean and green power to the national grid. The Kishtwar transmission project is based in Jammu & Kashmir and comprises a 400/132kV GIS substation at Kishtwar and 400 kV Kishenpur – Dulhasti LILO (Line in Line out) transmission line. The Nangalbibra – Bongaigaon transmission project involves construction of ~300 cktkm of transmission lines and a greenfield substation with 320 MVA transformation capacity across the North-Eastern terrain of Assam and Meghalaya.
About Sterlite Power:
Sterlite Power is a leading private sector power transmission infrastructure developer and solutions provider with a robust portfolio of 28 projects covering approximately 13,950 circuit Kms of transmission lines across India and Brazil. The Company has a portfolio of high-performance power conductors, extra high voltage (EHV) cables and optical ground wires (OPGW). The Company provides bespoke solutions for the upgrade, uprate and fiberization of existing transmission infrastructure projects. Advancing the carriage towards a green energy efficient future, Sterlite Power has an increasing focus on integrating renewable energy into the grid. It was the sponsor of IndiGrid, India’s first power sector InvIT, listed on Bombay Stock Exchange Limited and National Stock Exchange of India Limited. The Company was also recognised at The Economic Times Innovation Awards 2020 and is a recipient of awards from International Project Management Association (IPMA). For more details, please visit https://www.sterlitepower.com