Oct 12, 2008

Sterlite Technologies wins contract worth Rs 254 crore


26 Sep 2008 | 17:00
Sterlite Technologies wins contract worth Rs 254 crore
Sterlite Technologies, a leading global provider of wire and cable solutions for the power and telecom industry has announced recent contract wins from Power Grid Corporation of India. The contracts, which are for Sterlite?s ACSR Moose power conductors, are worth a total of Rs 254 crore (US$ 55 million). As per PGCIL?s requirement, about 60% of the contract value would be executed within the current fiscal. As on date the company has a strong order book valued at over R Rs 1 s 1400 00 crore (US$ 304 million).
The company currently has a cumulative manufacturing capacity of 115,000 MT (metric tons), making it the largest manufacturer in India and amongst the top 5 global manufacturers of power conductors. Keeping with the unprecedented growth in demand from the Indian and global telecom and power sectors, Sterlite is increasing the manufacturing capacity at its power conductors facility to 160,000MT, doubling the manufacturing capacity at its optical fiber facility to 12 million-km & tripling the manufacturing capacity at its fiber optic cables facility to 6 million-km.

The company made this announcement during the trading hours today, 26 September 2008.

0 comments: