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Tuesday, December 1, 2009

Sterlite Technologies bags Rs 600 cr orders

Sterlite Technologies, a leading global provider of transmission solutions for the telecom and power industries, has received over Rs 600 crore in new contracts in November for its telecom and power products, from prominent incumbents in India and Africa based on the delivery schedules required by its clients, over 30 per cent of the cumulative contract value would be executed within financial year 2010 and the balance within the first quarter of the next financial year.

The total order book of the company stands now at approx. Rs 2050 crore as on November 30, 2009. Sterlite’s current optical fiber facility of 6 million-Km is already under expansion to 12 million - Km, which would get established in the current fiscal.

The company has decided to further enhance this capacity to 20 million-Km, which would position Sterlite amongst the top 3 manufacturers globally. The company’s conductor of 160,000 metric tonnes will also be fully operational by the end of the current fiscal, the company said in a BSE filing.

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