The Power Infrastructure & Renewable Energy (PIRE) business of Godrej Electricals & Electronics, a business unit of Godrej & Boyce Mfg. Co. Ltd has secured orders worth over Rs.2,000 crore over diverse verticals.
These orders have resulted in the PIRE business of Godrej & Boyce achieving its highest order inflow every in FY23, an official company release said.
The recent orders cover verticals like power transmission, railway electrification, and solar power. The projects include EPC for EHV substations of 400kV and 765kV across India, a GIS substation with 220kV underground cable in Mumbai, and a 132kV substation project in Nepal.
In the solar segment, the company has secured an order for a ground-mounted solar plant of 20 MW in West Bengal. The order supports the business’ aim to grow its solar EPC portfolio by 30 percent annually over the next three years and promote energy conservation, the release said.
Foray in railway electrification
The PIRE business marked its entry into railway electrification with a project of over Rs.900 crore from Indian Railways for the construction of traction substations (TSS) and associated works.
The project is a part of ‘Mission Raftar’ for upgrading speed to 160Kmph/200Kmph on the existing New Delhi-Howrah Route and between Mathura-Palwal on the existing New Delhi-Mumbai Routes.
Also read: Godrej & Boyce Sharpens Focus On Renewable Energy
Aligns with diversification strategy
Raghavendra Mirji, Senior Vice President & Business Head, of Godrej Electricals & Electronics, said, “These orders align well with our diversification strategy to strengthen the power transmission sector and enter the Railways and International Segments. With the substation orders in Power Transmission, we have now diversified our customer base to include non-utility clients, in addition to the current power utilities. With these orders, G&B has expanded its portfolio in EHV cable, EHV substation, traction substation, and solar projects across India as well as in Nepal. We are elated to be partnering with the Indian Railways in this significant transformation. Going forward, we hope to secure more such opportunities and serve new segments to contribute to the improvement of infrastructure and power transmission in India.”
Featured photograph (source: Godrej & Boyce) is for representation only.
