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Godrej & Boyce Bags Over 2000 Cr Worth of Orders

In Business
May 12, 2023

MUMBAI:
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.”