Sterlite Power secures Rs 12 billion in new orders in Q2FY25
Author: PPD Team Date: November 12, 2024
Author: PPD Team Date: November 12, 2024
Sterlite Power announced new orders worth Rs 12 billion across its Global Products and Services (GPS) business in Q2FY25, bringing cumulative orders to Rs 27 billion for H1FY25. The GPS division focuses on high-performance, sustainable products and specialized EPC services. This quarter’s highlights included India’s first order for a 144-fiber count Optical Ground Wire (OPGW) cable from a state utility.
In Q2FY25, Sterlite Power’s key order segments included:
High-Performance Conductors & OPGW: New orders worth Rs 8 billion were secured, including conductor supplies for green energy transmission projects within India and exports of high-performance products to the US, EU, Africa, and the Middle East. Domestic traction came from the Power Grid Corporation of India and various state utilities.
Power Cables: Orders totalling Rs 3.8 billion were won for medium, high, and extra-high voltage cables, primarily for state utilities and public sector undertakings (PSUs).
CEO of GPS, Reshu Madan, emphasized Sterlite’s commitment to modern technologies and customer-centric solutions, reinforcing its goal to become a top 10 global wire and cable company.
Author: PPD Team Date: February 2, 2026 Power Grid Corporation of India Limited (POWERGRID) has approved a capital investment of Rs 173.14 crore to augment a key substation in Kerala. The capital expenditure was sanctioned by the Committee of Directors on Investment on Projects at its meeting held on January 30, 2026. The approved scheme involves the augmentation of one 500 MVA, 400/220 kV interconnecting transformer, identified as the third ICT, at the Thrissur VSC…
Author: PPD Team Date: January 30, 2026 Major Indian power sector players show mixed Q3 FY26 results, reflecting varied market dynamics. Adani Power Limited posted a decline in performance for the third quarter of FY26. Net profit fell 18.9% year on year to Rs 2,479 crore, compared with Rs 3,057 crore in the same quarter last year. Revenue declined 8.9% to Rs 12,451 crore from Rs 13,671 crore. EBITDA stood at Rs 4,238 crore, down…
Author: PPD Team Date: April 8, 2026 Om Power Transmission, an engineering, procurement and construction (EPC) company in power transmission infrastructure, is seeking to raise Rs 150 crore through an initial public offering (IPO). The issue comprises 85.75 lakh equity shares, including a fresh issue of 75.75 lakh shares and an offer for sale (OFS) of up to 10 lakh shares, priced in the range of Rs 166 to Rs 175 per share. Anchor investor…
Author: PPD Team Date: December 19, 2024 Canada has revised its target for achieving a net-zero electricity grid, extending the deadline from 2035 to 2050. This decision follows the release of the finalised Clean Electricity Regulations (CER), which were influenced by feedback from provinces and energy industry stakeholders concerned about reliability, cost, and potential stranded assets. Currently, 85% of Canada’s electricity comes from clean sources, including hydropower, wind, and solar. However, the revised regulations may…
Author: PPD Team Date: December 4, 2024 Axpo Nordic has entered a ten-year agreement with Norway-based Hydro Energi to supply 2.63 TWh of electricity between 2026 and 2035. The electricity will be delivered in the Swedish price area SE2, strengthening Hydro’s renewable energy portfolio. Mats Larsson, senior originator at Axpo Nordic, emphasized the companies’ 15-year partnership and Axpo’s expertise in delivering tailored energy solutions. Hydro will integrate this contract into its Nordic power portfolio, which…
Author: PPD Team Date: July 8, 2025 The Green Energy Corridor (GEC) Phase I is close to completion in four states, with 20 GW of the planned 24 GW renewable energy capacity already commissioned. The remaining 4 GW is expected to be completed soon. GEC Phase I was launched to improve grid infrastructure for integrating large-scale renewable energy. It spans eight states: Andhra Pradesh, Gujarat, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, and Tamil Nadu….