Sterlite power bags projects worth ₹2500 crore in Q4
Sterlite Power announced securing new orders worth Rs 2,500 crore during the quarter ended March 31. This takes the company’s cumulative order wins in FY24 to Rs 7,000 crore, up 35 per cent year-on-year (YoY) over FY23, Sterlite Power said in a statement.
“Sterlite Power has capped off a successful fiscal year FY24 with new orders worth Rs 2,500 crore for its Global Products and Services (GPS) business unit in Q4. This growth underscores the growing global and domestic demand for robust power transmission infrastructure, particularly to support the integration of renewable energy sources critical for a net-zero future,” the company said.
In Q4, some of the projects secured by the company are for conductor supply to green energy power transmission projects in Rajasthan including the Fatehgarh-Bhadla Transmission line project. The company also bagged export orders for OPGW (Optical Ground Wire) in Africa and CIS (Commonwealth of Independent States) markets.
Besides, Sterlite Power has secured multiple orders to supply Extra High Voltage (EHV) & High Voltage (HV) cables for large-scale infrastructure projects that are underway in Madhya Pradesh, West Bengal, Karnataka, Odisha, and Gujarat.
