Sterling Generators FY23 order book crosses Rs 510 crore mark

New Delhi, Apr 25 (PTI) Sterling Generators Private Limited (SGPL) on Tuesday said its order book crossed Rs 510 crore mark in financial year 2022-23.

https://www.upsc.gov.in/FR-CSM-22-engl-230523.pdf

SGPL, a Sterling and Wilson Group Company, is one of India’s leading genset players.

In a statement, SGPL said, “it has bagged orders of over Rs 510 crore in the financial year ending March 31, 2023.”

The company recently won three orders in the data centres segment from large customers, including one in Malaysia and two in India, it said.

Data centres have become mission-critical for many important businesses and support essential information management for large institutions. The global data centre generator market is poised to grow at a CAGR between 4-5 per cent by 2030, which makes the market conducive to investment, the statement said.

SGPL with its new engine partner Moteurs Baudouin has been rapidly gaining ground in the auxiliary power industry by securing multiple orders in the commercial segment.

“Post our strategic tie up with Moteurs Baudouin, there has been an uptick in the order book for Sterling Generators. This reflects the superior product in hand in terms of technology compared to other players in the industry,” Sanjay Jadhav, CEO of Sterling Generators Private Ltd, said.