Thursday, May 11, 2023

Godrej & Boyce Bags Over 2000 Crore Worth Of Orders

~ The business has achieved its highest order inflow ever in FY23.

The Power Infrastructure and Renewable Energy (PIRE) business of Godrej Electricals & Electronics, a business unit of Godrej & Boyce Mfg. Co. Ltd has secured orders worth over 2000 Cr from Power Transmission, Railways, and Solar Projects. The projects include EPC for EHV substations of 400kV & 765kV across India, a GIS Substation with 220kV underground cable in Mumbai, and a 132kV Substation project in Nepal. 

In the solar segment, the company has secured an order for a ground-mounted solar plant of 20MW in West Bengal. The order supports the business' aim to grow its solar EPC portfolio by 30% annually over the next three years and promote Energy conservation.

The business marks its entry into railway electrification with a project of over 900 crores from Indian Railways for the construction of traction substations and associated works. The project aligns with India's vision of modernizing its railways and promoting sustainable transportation. The project is a part of ‘Mission Raftar’ for upgrading speed to 160Kmph/200Kmph on the existing New Delhi-Howrah Route and between Mathura-Palwal on the existing New Delhi-Mumbai Routes.

Raghavendra Mirji, Senior Vice President & Business Head, Godrej Electricals & Electronics said, "These orders align well with our diversification strategy to strengthen the power transmission sector and enter the Railways and International Segments. With the substation orders in Power Transmission, we have now diversified our customer base to include non-utility clients, in addition to the current power utilities. With these orders, G&B has expanded its portfolio in EHV Cable, EHV Substation, Traction Substation & Solar projects across India as well as in Nepal. We are elated to be partnering with the Indian Railways in this significant transformation. Going forward, we hope to secure more such opportunities and serve new segments to contribute to the improvement of infrastructure and power transmission in India."

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