Sterlite Power's Remarkable Success: Rs 1,300 Crore in Q1 Orders Accelerating the Green Energy Transition

12 October 2023

- Sterlite Power secures orders worth Rs 1,300 crore in the first quarter of 2023-24.
- The demand for superior products and niche EPC services is rising, driven by the emphasis on renewable energy integration into India's grid.
- These orders are for Sterlite Power's Global Products & Services business, spanning domestic and international markets, and add to their existing order book of over Rs 5,200 crore.
- Notable orders include the supply of high-performance conductors for PGCIL's Green Energy Corridor Project in Rajasthan, aimed at enhancing renewable energy transmission.
- Sterlite Power is expanding its influence in global territories, including the Americas, European Union, Africa, and the Middle East.
- The company secured strategic orders in the power cables business, including EHV cable delivery to a solar park in Rajasthan and projects for UPPTCL and the Nepal Electricity Authority.
- Sterlite Power's specialized EPC arm secured turnkey orders for fiberizing OPGW for UPPTCL's lines and uprating the North-Eastern Corridor for PGCIL.
- These projects contribute to decongesting critical transmission corridors across the country.
- Manish Agarwal, CEO of Global Products & Services, expresses confidence in their robust order book and expects further growth in Q2.