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Sterlite Wins INR 1.4 Billion contract from RVPN India - Chosen as the sole supplier of ACSR Moose Power Conductors for 400 KV Transmission Lines
Sterlite Wins INR 1.4 Billion contract from RVPN India

 

PRZOOM - /newswire/ - Pune, Maharashtra, India, 2008/01/09 - Chosen as the sole supplier of ACSR Moose Power Conductors for 400 KV Transmission Lines.

   
 
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Sterlite Technologies Limited (formerly, Sterlite Optical Technologies Ltd), India’s leading global provider of Power Transmission Conductors, Optical Fibers and Telecommunication Cables today announced that it has received a contract from Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RVPN), India for manufacture and supply of ACSR Moose Power Transmission Conductors. The contract is valued at approximately INR 1.4 Billion (~US$ 35 Million) and as per customer requirements; the deliveries are scheduled from February 2008 through November 2008.

Sterlite was chosen as the sole manufacturer and supplier for over 5600 km of ACSR Moose Conductors that would be installed in 530 km route length of 400 kV S/C (Single Circuit) and 180 km route length of D/C (Double Circuit) Transmission Lines in the Indian state of Rajasthan.

Sterlite currently supplies about 27% of India’s total demand for power transmission & distribution conductors. In H1 2007-08, the Company’s export sales for its Power Conductors accounted for about 28% of total revenues from sale of its Power Conductors.

Says Mr Pravin Agarwal – Director, Sterlite Technologies Limited, “We are honored to partner with RVPN for this project. With over a decade of experience with the varying requirements of our customers in global markets, supported with state-of-the-art integrated manufacturing facilities, we believe that Sterlite is uniquely positioned to deliver significant value to all our business partners.”

Sterlite is a significant contributor to the global power sector through indigenous manufacture of a complete range of power transmission conductors at Extra High Voltages (400kV - 800kV), High Voltages (66kV – 220kV) and power distribution conductors (11kV- 33kV).

Sterlite 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. Sterlite currently has about 3% global market share for Power Transmission Conductors and these products have been sold in 38 countries across Africa, Middle East, Asia & Europe.

About Sterlite Technologies Limited

Sterlite Technologies Limited (formerly, Sterlite Optical Technologies Ltd) is India’s leading global provider of Optical Fibers, Telecommunication Cables and Power Transmission Conductors. It is India's only fully integrated Optical Fiber producer and one of the largest suppliers of Optical Fibers to overseas markets in China, Europe and South East Asia.

Sterlite Technologies Limited is listed on the National Stock Exchange and Stock Exchanges at Mumbai and Kolkatta.

The Company has a world class Optical Fiber manufacturing plant located at Aurangabad, India and Telecom Cable & Power Transmission Conductor plants at Silvassa, Haridwar & Pune, India.

 
 
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Agency / Source: Sterlite Optical Technologies Ltd

 
 

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Sterlite Wins INR 1.4 Billion contract from RVPN India

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Contact: Keith Dsilva - Sterlite.com 
+91 20 30514000 keith.dsilva[.]sterlite.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Sterlite Optical Technologies Ltd securities in any jurisdiction including any other companies listed or named in this release.

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