Sterlite Power, a leading global power transmission company, announced that it has secured orders worth Rs 1,200 crore in the second quarter of FY25. The company’s orders came from various domestic and international markets, including India, Brazil, and Africa. Sterlite Power’s portfolio of projects includes high-voltage transmission lines, substations, and cable projects.
Managing Director Pratik Agarwal attributed the strong order intake to “growing demand for power transmission infrastructure globally.” He added, “Our focus on innovation, quality, and customer satisfaction has enabled us to maintain our market share.”
Sterlite Power’s domestic business contributed significantly to the order intake, with projects from state and central utilities. The company’s international business also grew, with orders from Brazil and Africa. The company’s shares closed 4.2% higher on the BSE, following the announcement. With a strong Q2 order intake and positive industry trends, Sterlite Power is well-positioned for sustained growth.
Sterlite Power’s commitment to sustainability and environmental responsibility drives its growth trajectory. The company’s initiatives aimed at reducing carbon footprint and promoting eco-friendly practices will contribute to its success.
Overall, Sterlite Power’s Q2 order intake demonstrates its strengths in the power transmission segment, and its potential for continued growth and innovation. As global energy demand continues to grow, Sterlite Power is poised to benefit from increasing demand for power transmission infrastructure. With its expertise and commitment to sustainability, the company is well-positioned to capitalize on emerging opportunities.
Sterlite Power’s financial performance highlights its resilience and ability to adapt to changing market conditions. With its strong fundamentals and growth strategy, the company is expected to drive future growth. Sterlite Power’s focus on innovation and technology will enable it to stay ahead of the competition. The company’s strategic partnerships and investments in research and development will further drive growth.
Sterlite Power is a prominent player in the private sector power transmission infrastructure development and a global provider of products and services. With a diverse portfolio that includes 33 completed, sold, and ongoing power transmission projects, the company operates over 16,529 circuit kilometers of transmission lines across India and Brazil. In India alone, Sterlite Power manages projects worth approximately USD 2 billion. Since 2011, the company has secured a third of all inter-state private transmission projects awarded in India through competitive bidding.
In the Global Products & Services sector, the company manufactures and supplies high-performance power conductors, extra-high voltage (EHV), high voltage (HV), and medium voltage (MV) cables, as well as optical ground wires (OPGW) to more than 70 countries. With four advanced manufacturing facilities, the company has established itself as a leading cable solutions provider. Additionally, the company offers EPC turnkey services, delivering integrated cable solutions for its customers.
The company’s specialized EPC division focuses on upgrading, uprating, and fiberizing existing transmission infrastructure. As part of its commitment to sustainable energy, Sterlite Power is actively working to integrate renewable energy into the grid. The company also made history by launching the first transmission sector InvIT, listed on both BSE and NSE. Sterlite Power has been recognized as the ‘Power Transmission Company of the Year’ at The Economic Times Energy Leadership Summit 2023 and has received international accolades from S&P Platts and the International Project Management Association (IPMA).
