Sterlite Power secures new orders worth Rs 1,300 crore in first quarter 2023-24 – EQ
In Short : Sterlite Power has secured new orders worth Rs 1,300 crore in the first quarter of the fiscal year 2023-24. This achievement underscores the company’s strong position in the power infrastructure sector and its ability to secure significant projects. These new orders will contribute to the expansion and strengthening of India’s power grid, ensuring a more reliable and efficient electricity supply for the nation.
In Detail : The new orders, won across the domestic and international markets, were built on the total order book of Rs 5,200 crore that the business garnered in the previous financial year, a company statement said.
Power transmission solutions provider Sterlite Power bagged orders worth Rs 1,300 crore in June quarter of this fiscal year. The new orders, won across the domestic and international markets, were built on the total order book of Rs 5,200 crore that the business garnered in the previous financial year, a company statement said.
The company bagged orders across its Global Products & Services business that caters to high performance, green products and specialized Engineering, Procurement and Construction (EPC) services, it stated.
Through these orders, the company continues to cement its position in international regions like Americas, the European Union, Africa, and the Middle East.
“Our strong order book is a testament to the confidence that our customers have in our capabilities and expertise. We expect a robust order booking for all our products in Q2 as well,” Manish Agarwal, CEO, Global Products & Services, said in the statement.
