“The global focus on decarbonisation is increasing demand for our manufactured products and services, such as conductors, cables, and OPGW and the company is building a large order book for exports to developed markets. On the other hand, unprecedented growth in demand for data has put our Convergence business on a high-growth trajectory.
Recently, a record Rs.75,408 crore worth of power transmission projects have been approved by the 14th NCT (National Committee on Transmission) and are likely to be awarded this year through the bidding route. With our solid track record of executing complex projects, we are well positioned to capture a sizeable chunk of this opportunity.”
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(Pratik Agarwal, Managing Director, Sterlite Power, expressed this view while commenting on the financial results of Sterlite Power for FY23. The business highlights for Sterlite Power during FY23 included the winning of the Rs.1,500-crore Rajasthan Green Energy Corridor (Part G) project, the commissioning of the Lakadia Vadodara transmission scheme, winning of Rs.5,200 crore worth of new orders, and the commissioning of four developmental transmission projects in Brazil.)