Secures multiple new orders in the Solutions business during the period Jan – April 2022
Mumbai, 30th May 2022: Sterlite Power, a leading power transmission developer and solutions provider, has secured multiple orders worth ~INR 1600 crores across its Solutions business in the domestic and international markets.
The company has secured orders from customers like Power Grid Corporation of India (PGCIL), Damodar Valley Corporation (DVC), and West Bengal State Electricity Transmission Company Limited (WBSETCL) in the MSI (Master System Integrator) segment. The orders are for the installation and supply of high-performance conductors and reconductoring solutions for transmission projects. In the Products segment, Sterlite Power has acquired strategic maiden orders of EHV cables for state transmission utilities in Bihar, Madhya Pradesh, Maharashtra, and Karnataka and orders for overhead lines from large and reputed international customers in North America and CIS regions.
Commenting on the order wins, Mr. Manish Agarwal, CEO – India Transmission Business, Sterlite Power, said, “We are happy to win these new orders across our Solutions business which significantly adds to our robust orderbook. Our integrated model provides us with a strategic advantage in delivering complex projects successfully while also diversifying our revenue base.”
As part of its Solutions business unit, the company manufactures and sells a diversified portfolio of products, covering high performance conductors, OPGW and EHV power cables, to international customers, including central and state electricity transmission companies, transmission developers and transmission engineering, procurement, and construction (“EPC”) contractors. Further, its MSI sub-unit is a provider of specialty contracting services, delivering bespoke solutions for the upgrade, uprate and fiberization of brownfield transmission infrastructure projects. In addition, the company also offers underground EHV turnkey services including cable laying and substation development.
Under its infrastructure business segment, where the company bids to develop transmission projects, it has recently won inter-state transmission system projects in J&K as well as north-east India which will play a pivotal role in connecting clean and green power to the national grid. The Kishtwar transmission project is based in Jammu & Kashmir and comprises a 400/132kV GIS substation at Kishtwar and 400 kV Kishenpur – Dulhasti LILO (Line in Line out) transmission line. The Nangalbibra – Bongaigaon transmission project involves construction of ~300 ckt km of transmission lines and a greenfield substation with 320 MVA transformation capacity across the North-Eastern terrain of Assam and Meghalaya.