Sterlite Power bags new orders worth Rs 1,500 crore in Q1 FY’25 
Corporate Watch

Sterlite Power bags new orders worth Rs 1,500 crore in Q1 FY’25

Sterlite Power on Wednesday said it has secured orders worth Rs 1,500 crore in the first quarter of this fiscal across its global products and services business

PTI

New Delhi: Sterlite Power on Wednesday said it has secured orders worth Rs 1,500 crore in the first quarter of this fiscal across its global products and services business.

The new set of orders (worth Rs 1,500 crore), won across the domestic and international market in Q1 FY'25, builds on the total order book of over Rs 6,560 crore at the start of this financial year, a company statement said.

PSU Watch is now on Whatsapp Channels. Click here to join

The company has bagged orders worth Rs 1,500 crore across its global Products and Services (GPS) business that caters to high performance, green products and specialized Engineering, Procurement and Construction (EPC) services, a company statement said.

It recorded a 15 percent quarter-on-quarter (QoQ) increase in order book from Q1’ FY'24.

"The GPS business is witnessing remarkable expansion, reflecting the surge in the transmission sector and India's robust economic outlook. These new orders, spanning various segments, reflect the materialising of our strategic business growth goals," Reshu Madan, CEO, Global Products and Services, said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

PFC arm incorporates new SPV for development of NERGS-III Siang Basin transmission project

ACC approves major bureaucratic reshuffle across key ministries

Stock markets fall in early trade dragged by weak global peers

Mines Minister Reddy calls for integration of advanced tech into geoscience

India, Israel ink terms of reference to formally launch FTA talks