Sterlite Power secures new orders worth Rs 14 billion

Sterlite Power has secured multiple new orders worth Rs 14 billion across its Solutions business that caters to products and specialised engineering, procurement, and construction, during the last quarter of 2022-23.

These new orders have strengthened the company’s total order book for the business unit to Rs 52 billion for 2022-23. The company has secured a major order from Power Grid Corporation of India Limited to upgrade/uprate its 400 kV Jharsuguda/Sundargarh – Rourkela line, part of the larger Eastern Region Expansion Scheme – XXIX, to deploy its state-of-the-art reconductoring solution. In addition, Sterlite Power would be building 220 kV double circuit transmission lines for Serentica Renewables. The company will build the transmission corridors that will enable evacuation of renewable energy from the upcoming solar and wind parks in Rajasthan and Karnataka, to the national grid. In product manufacturing, the company has bagged major orders for conductors and optical ground wire (OPGW) from eminent customers in the South Asian Association for Regional Cooperation region. Orders include the prestigious Power Grid Corporation of Bangladesh’s river crossing project from Transrail as well as repeat orders from USA and LATAM region. In addition, Sterlite Power has secured significant orders to supply conductors from notable domestic customers like Tata Power, Larsen & Toubro Limited as well as international customers like Henan Pinggao. The company will be supplying for Tata Power’s Northern Region Strengthening Scheme XXXVI project, and L&T’s 400 kV Wayanad-Kasargode transmission line. For OPGW, orders were received from L&T for its 765 kV Navasari – Padghe transmission corridor as well as Maharashtra Transmission Communication Infrastructure Limited for its 132 kV, 220 kV and 400 kV transmission lines. The business will also execute critical orders for cabling work in India and overseas including supply of cables for Chennai Metro Phase II, Indore, and Bhopal Metro projects.