Sterlite Technologies reports revenue growth of 32% and EBITDA growth of 90 % on YoY basis - 0 views
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Colin Bennett on 28 Jan 15"Power Segment highlights The Power products and solutions business revenues stood at Rs. 461 Crores, up 61% Q-O-Q as conductor volumes at about 27,000 MT have started showing signs of improvement In the Power products and solutions segment, we have added new accounts in the European markets for power conductors and in India for OPGW products. Order book at Rs 2400 crores in Power products segment remains healthy and well diversified with exports nearly accounting for 40% of total order book. Power Transmission Segment East-North Interconnection Company Ltd. (ENICL) became fully operational with completion of the second 400 KV double-circuit quad transmission line connecting Bongaigaon in Assam to Siliguri in West Bengal which makes us the only private transmission utility to successfully commission the first private mega transmission project in the country. In Bhopal Dhule Transmission Company Ltd. (BDTCL) project, few more milestones were achieved with commissioning of two more lines and two substations taking us to nearly 60% completion for the project The current revenue generating elements of the first three projects have an annualized revenue run rate of Rs 287 crore which has shown a major increase from the annualized revenue run rate of Rs. 68 crores at end of previous quarter With Sterlite's investments completed in these projects, we expect the other 2 projects BDTCL and JTCL to be fully operational progressively in next 2 quarters."