Sterlite Power has secured new orders worth Rs.1,200 crore across its Global Products and Services (GPS) business in Q2FY25, the company said in a release.
With cumulative orders wins reaching Rs.2,700 crore for H1FY25, Sterlite Power continues to solidify its market leadership domestically while expanding its reach globally into new regions. The GPS business of Sterlite Power is focused on high-performance, sustainable products, and specialized EPC services.
According to Reshu Madan, CEO, Global Products and Services, “Sterlite Power’s success is fueled by our commitment to modern technologies and a strategic focus on customer-centric solutions. Our continued growth is anchored in delivering innovative products and responding to the global demand for high-quality, sustainable power transmission solutions. Key wins, such as India’s first 144-fiber count OPGW cable order, exemplify our leadership and reinforce our goal of being amongst the top 10 wire and cable company globally.”
In Q2FY25, Sterlite Power received the order for India’s first 144-fiber count OPGW cable from a state utility.
Key Order Highlights
High-Performance Conductors & OPGW: The Overhead Conductor business is witnessing remarkable demand in both domestic and international markets. Sterlite has bagged new orders totaling Rs.800 crore in Q2FY25 for high-performance conductors and Optical Ground Wire (OPGW) products.
In the domestic segment, the major orders were towards supply of conductors for green energy transmission projects including Angul-Paradeep, Yalwar, and Runija-Indore transmission lines.
The export segment saw order wins for high-performance green products from The United States of America, the European Union, Africa, and the Middle East. The company also received India’s first 144-fiber count OPGW cable order from a state utility, which reassures client confidence in company to develop solutions. Export orders for OPGW have been confirmed from regions of Europe and Africa with enormous traction in domestic market from the Power Grid Corporation of India and state utilities.
Power Cables: The Power Cables business is on a continuous growth trajectory and has been consolidating its position in the wire and cable segment. The company has won orders totaling Rs.380 crore in Q2FY25 covering a mix of medium-, high- and extra-high voltage cables. Majority of orders were towards supply of cables for state utilities and PSUs.
Also read: Sterlite Power wins its second green energy evacuation scheme in Gujarat
Featured photograph (source: Sterlite Power) is for representation only
