Sterlite Power secures Rs 14 bn orders
31 Jan 2024
2 Min Read
CW Team
Sterlite Power announced that it successfully secured new orders totalling Rs 14 billion in the quarter ending December 2023. These orders, originating from both domestic and international markets, encompass a range of products, including high-performance power conductors, optical ground wire (OPGW), and power cables.
In addition to these, the company has also received orders for specialised Engineering, Procurement, and Construction (EPC) services, as well as turnkey EPC for extra high voltage (EHV) and high-voltage (HV) cables within the domestic market. Sterlite Power specified that the equipment supplied will contribute to various projects such as metro, data center, and power projects.
Sterlite Power's CEO for Global Products & Services business, Manish Agarwal, emphasised that these recent order victories reflect the increasing demand for their product offerings in both the Indian and export markets. He highlighted the significance of their high-performance conductors, HV and EHV cables, and specialised EPC services in contributing to the ongoing energy transition, particularly in the context of a heightened focus on decarbonisation.
As a prominent private sector power transmission infrastructure developer and Global Products and Services provider, Sterlite Power boasts a portfolio featuring 33 completed, sold, and under construction power transmission projects. This portfolio covers an extensive network of approximately 15,350 circuit kilometres of transmission lines, spanning both India and Brazil.
Sterlite Power announced that it successfully secured new orders totalling Rs 14 billion in the quarter ending December 2023. These orders, originating from both domestic and international markets, encompass a range of products, including high-performance power conductors, optical ground wire (OPGW), and power cables.
In addition to these, the company has also received orders for specialised Engineering, Procurement, and Construction (EPC) services, as well as turnkey EPC for extra high voltage (EHV) and high-voltage (HV) cables within the domestic market. Sterlite Power specified that the equipment supplied will contribute to various projects such as metro, data center, and power projects.
Sterlite Power's CEO for Global Products & Services business, Manish Agarwal, emphasised that these recent order victories reflect the increasing demand for their product offerings in both the Indian and export markets. He highlighted the significance of their high-performance conductors, HV and EHV cables, and specialised EPC services in contributing to the ongoing energy transition, particularly in the context of a heightened focus on decarbonisation.
As a prominent private sector power transmission infrastructure developer and Global Products and Services provider, Sterlite Power boasts a portfolio featuring 33 completed, sold, and under construction power transmission projects. This portfolio covers an extensive network of approximately 15,350 circuit kilometres of transmission lines, spanning both India and Brazil.
Next Story
Dassault To Build Falcon Jets In India With Reliance
Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..
Next Story
INDEA Lays Foundation for India鈥檚 First Auto Design School
The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..
Next Story
Karnataka Launches Global Innovation Hub at Airport City
The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..
