Sterlite Technologies receives over Rs 600 Cr in new contracts

Sterlite Technologies has received over Rs 600 Crores in new contracts for its telecom and power products, from incumbents in India and Africa. Based on the delivery schedules required by its clients, over 30% of the cumulative contract value would be executed within FY10 and the balance within H1 FY11. The total order book of the Company stands at approximately Rs 2050 Crores as on November 30, 2009. Pravin Agarwal - Director, Sterlite Technologies Limited said, “We are seeing renewed activity from across the world, with telecom and power incumbents starting to build new networks. With our global scale of operations and technical capabilities to develop solutions for evolving applications, we believe we are positioned to benefit from the global opportunities.” 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 capacity of 160,000 Metric tons will also be fully operational by the end of the current fiscal.