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Godrej PIRE business diversifies with orders worth over Rs 2000 cr for power, railways, and solar projects

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 Rs 2000 cr from power transmission, railways, and solar projects. The projects include EPC for EHV substations of 400kV and 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 per cent annually over the next three years and promote energy conservation.

The business marks its entry into railway electrification with a project of over Rs 900 crores from Indian Railways for the construction of traction substations and associated works. The project aligns with India’s vision of modernising 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, expressed his satisfaction with the company’s recent orders. He noted that these orders are in line with the company’s diversification strategy to strengthen the power transmission sector and expand into the Railways and International Segments. The substation orders in Power Transmission have allowed the company to broaden its customer base beyond power utilities to include non-utility clients. The orders have also expanded G&B’s portfolio in EHV Cable, EHV Substation, Traction Substation & Solar projects across India and Nepal. Mirji expressed his excitement at the prospect of partnering with Indian Railways to bring about significant transformation in the sector and further contribute to the improvement of infrastructure and power transmission in India. Going forward, the company hopes to secure more such opportunities and serve new segments.