Sterlite Power bags order worth Rs 3,800 crore in April-Dec period

Sterlite Power has bagged multiple orders worth ~Rs 3,800 crore across its ‘Solutions’ business unit in the domestic and international markets during the first three quarters FY’23, a growth of 90% when compared to same period of FY’22.

The new order wins are for uprate of existing power transmission lines for 132 kV, 220 kV and 400kV of Power Grid Corporation of India (PGCIL) and state utilities like Meghalaya Power Transmission Corporation Limited (MePTCL), and West Bengal State Electricity Transmission Company Limited (WBSETCL). For Haryana Vidyut Prasaran Nigam Limited (HVPNL), the company will supply and install OPGW for fiberization of the state’s existing transmission network for 66 kV, 132 kV, 220 kV and 400kV.

Uprate and upgrade of existing transmission networks helps in maximizing power carrying capacities of existing transmission corridors, ensuring faster, economical, and sustainable means of solving energy delivery challenges, the company said.

In Products business, the company has bagged prestigious orders for conductors and OPGW from large customers in India, Americas, SAARC, and MEA region. Orders include supplies for major green energy transmission projects in India and abroad. The company has also acquired strategic orders for the supply of Extra High Voltage (EHV) cables to state utilities like Maharashtra State Electricity Transmission Company Limited (MSETCL) and Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPNL). The company has also been marking its presence in Turnkey EHV Cable Projects including Substation at various Utilities i.e., UPPTCL, OPTL & MPPTCL.

Commenting on the order wins, Manish Agarwal, Director & CEO India Transmission Business, Sterlite Power, said, “We are delighted with the multiple order wins for our transmission uprate projects, high-performance conductors and EHV products that are positively impacting communities and businesses by enabling access to reliable, and high-quality electricity, worldwide. With power utilities facing increased pressure due to a rapidly growing population, increased demand and ageing infrastructure, there is an urgent need for uprates and upgrades. Our bespoke solutions are helping address the challenges of time, space, and capital by establishing capacity augmentation in an economic manner, within shortest possible time and with minimum disruption.”

As part of the Solutions business unit, Sterlite Power manufactures and sells a diversified portfolio of products, covering high performance conductors, OPGW and EHV insulated power cables, to domestic as well as international customers, including central and state electricity transmission companies, power transmission infra developers and transmission engineering, procurement, and construction (“EPC”) contractors.

Further, its Master System Integrator (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, it added.

Under its infrastructure business unit in which company has 6 Transmission projects under development including 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.

The company is also building its largest green energy transmission corridor in Gujarat, aimed at meeting India’s renewable energy target of installing 500 GW. This transmission corridor will connect the wind energy zones of Bhuj to the load centers in Maharashtra and Gujarat.

In addition to all the above projects, the company is also constructing some of the projects of national importance such as Mumbai Urja Marg Limited, Goa Tamnar Transmission Project, and Udupi Kasargode Transmission Limited.