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Sterlite Technologies Ltd Receives Contracts Valued at INR 2.96 Billion from PGCIL - Company opens FY-09 with a strong order book of INR 10.2 Billion
Sterlite Technologies Ltd Receives Contracts Valued at INR 2.96 Billion from PGCIL

 

PRZOOM - /newswire/ - Pune, Maharashtra, India, 2008/04/30 - Company opens FY-09 with a strong order book of INR 10.2 Billion.

   
 
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Sterlite Technologies Limited (Sterlite), a leading global provider of Power Transmission Conductors, Optical Fibers and Telecommunication Cables announced that it has received three contracts from PGCIL (Power Grid Corporation of India) that have a cumulative value of INR 2.96 Billion (~US$ 74 Million). As per PGCIL’s requirements, supplies against these contracts would commence from August 2008.

PGCIL is India’s single largest buyer of Power Transmission Conductors and over the past decade, Sterlite has established itself as the single largest supplier for PGCIL’s pan-India requirements.

With the receipt of these new contracts, the Company has opened FY-09 with a total order book of INR 10.2 Billion (~ US$ 257 Million) for its telecom & power businesses.

Says Pravin Agarwal – Director, Sterlite Technologies Limited, “We are delighted to start our new financial year with a dominant share of orders released by PGCIL. With our expanded capacity for Power Transmission Conductors we believe Sterlite has the capability to maintain equilibrium in supply of our products to service the growing demand from the Indian market and to grow our global market shares.”

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.

 
 
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Agency / Source: Sterlite Optical Technologies Ltd

 
 

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Sterlite Technologies Ltd Receives Contracts Valued at INR 2.96 Billion from PGCIL

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Contact: Keith Dsilva - Sterlite.com 
+91 20 30514000 keith.dsilva[.]sterlite.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
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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