Sterlite Power targets Rs 4,000 crore revenue growth
By EPR Magazine Editorial June 6, 2018 6:02 pm IST
By EPR Magazine Editorial June 6, 2018 6:02 pm IST
Our end-to-end turnkey solutions business has grown up by 150-200 per cent since last year on the order acquisition side. On the conductors side, we have seen a huge surge in demand for high-performance conductors in India and globally.
Manish Agarwal,
CEO – Solutions Business, Sterlite Power
What kind of new technologies we can see from Sterlite Power’s solutions business?
In the solutions business, Sterlite Power is one of the largest manufacturers of high-performance conductors, optical ground wire, underground high-voltage power cables. We are also into master system integration, where the company is a turnkey player in offering end-to-end solutions for upgrading networks and EHV underground cables. In its end-to-end solutions offering, the company has introduced the latest robotics for live line stringing. We have also come up with digital platform for power system, where the customers can map the congested lines of transmission in the state and go to the utility line and address it. FIPC(fibre integrated power cable) is another area where we are developing innovative products and creating positive social impact by furthering alloy conductor product, which is suitable for coastal environment.
What are the core areas of operations Sterlite Power is focussing on?
Countries like Bangladesh and Nepal are opting for smart solutions for power transmission. What holds India in opting for such solutions?With government’s ambitious ‘100 Smart Cities’ project, power will be the backbone for its fulfilment. How will smart solutions play an important role in this context?
A lot has been happening on the Smart City area and is visible on-ground as well. We have started collaborating with customers on end-to-end solutions on underground EHP as our offering for smart cities. We are gearing up to offer more innovative power solutions for the ambitious infrastructure plans.
Where does the company’s order book stand? What does the future look like?
Our end-to-end turnkey solutions business has grown up by 150-200 per cent since last year on the order acquisition side. On the conductors side, we have seen a huge surge in demand for high-performance conductors in India and globally. Compared to last year, we have witnessed growth of 100 per cent in underground power cables division. All the orders will be completed in FY 18-19. In terms of revenue, we look forward to growth of around Rs 4,000 crore. We will start looking to exporting solutions overseas as only products were till date. There are no plans of solution-based project acquisition this year. On the product side, we expect 25-30 per cent of production.
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