Godrej Electricals & Electronics secures orders worth ₹1,000 crore in FY24
Upstox
2 min read • Updated: April 25, 2024, 4:38 PM
Summary
Godrej Electricals & Electronics secured over ₹1,000 crore worth of orders in FY24 for power and infrastructure projects. These involve building substations across India, including high-capacity projects (up to 765kV). The company sees this as a sign of its leadership in the industry, particularly for its contribution to renewable energy integration.
Godrej Electricals & Electronics on Thursday, 25 April, 2024, said it has secured orders worth over ₹1,000 crore in financial year 2023-24 in power and infrastructure business. These orders predominantly entail both Air Insulated Switchgear (AIS) and Gas Insulated Switchgear (GIS) substations across India, with certain projects of up to 765kV capacity, a company statement said.
Each of these projects range from ₹100 crore to ₹400 crore in value, it added. “We are delighted with our recent order acquisitions, which further solidify our presence in the segment of over 400kV," Raghavendra Mirji, Executive Vice President & Business Head, Godrej Electricals & Electronics said.
Mirji further noted that securing the inaugural 765kV GIS order for execution at Khavda, in Gujarat marks yet another significant milestone for the company, symbolising its dedication to pushing the boundaries of technological advancement.
Mirji said, "majority of our orders secured in FY 2023-24 pertaining to renewable energy evacuation not only underscores our industry leadership but also resonate with the country's commitment, echoing our collective vision for a greener and more resilient future."
These substations play a pivotal role in augmenting the capacity of the existing grid infrastructure, facilitating seamless integration and evacuation of renewable energy sources.
About Godrej Electricals & Electronics
Godrej Electricals & Electronics is a major Indian company that designs, manufactures, and sells electrical and electronic appliances. They also offer consulting services for energy efficiency and sustainable building practices. Godrej Electricals & Electronics is part of the Godrej & Boyce conglomerate, which includes businesses in real estate, furniture, and other sectors.