Sterlite Technologies Limited (“Sterlite”) [BSE (Bombay Stock Exchange): 532374, NSE (National Stock Exchange of India, Mumbai): STRTECH], a leading global provider of wire and cable solutions for the telecom and power industry, today announced that its Optical Fiber & Fiber Optic Cables facilities in India have been audited and certified as per the TL 9000 Quality Management System. Sterlite is the 1st Company in India & the 6th Company in the world to receive this certification for both Optical Fiber & Cables.
Since the past two decades, Sterlite has been a key industry forerunner in providing connectivity solutions to the Indian and global telecommunications industry. With more bandwidth intensive applications becoming popular, Sterlite introduced several innovative solutions like Bend Insensitive Optical Fiber, Ribbon & Microduct Fiber Optic Cables, which have enabled propagation of optical fiber into India’s metro-access network. Over 30% of fiber optic cables installed in India operate with Sterlite Optical Fiber.
Says KS Rao, COO (Telecom) – Sterlite Technologies Limited, “With the exponential increase in our global customer footprint, we believe that a consistent set of quality expectations is needed to drive efficiency and performance across the telecommunications supply chain. We believe this certification would provide Sterlite the unique opportunity to cater to specific needs of our existing global & Indian customers and help us further enhance our customer base.”
In recognition of Sterlite’s sustained contribution to the Indian telecommunications industry, the Company received the ‘V&D100 2008’ award for Top Telecom Cables Company in India.
About the TL 9000 Certification
TL 9000 is a Quality Management System (QMS) developed by the QuEST Forum (questforum.org), USA to meet the specific quality requirements of the worldwide telecommunications industry. This QMS defines quality system requirements for the design, development, production, delivery, installation and maintenance of telecom products and services, and provides a measurement system that allows companies to track performance and improve results.
About Sterlite Technologies Limited
Sterlite Technologies Limited (formerly, Sterlite Optical Technologies Ltd) is India’s leading global provider of power transmission conductors, optical fibers, telecommunication cables and telecom integration & managed services. It is India's only fully integrated optical fiber producer and among the Top 5 global manufacturers of power conductors. Sterlite Technologies Ltd. (sterlitetechnologies.com) is listed on the National Stock Exchange and Stock Exchanges at Mumbai and Kolkata. Sterlite Technologies has shown a consistent robust financial growth with CAGR of 75% in Net Revenues and CAGR of 115% in Net Profits for the period 2004-2008. The company has a world-class optical fiber manufacturing plant in Aurangabad, India, and telecom cable and power transmission conductor facilities in Silvassa and Haridwar, India.
Forward-looking and cautionary statements
Certain words and statements in this release concerning Sterlite Technologies Limited and its prospects, and other statements relating to Sterlite Technologies’ expected financial position, business strategy, the future development of Sterlite Technologies’ operations and the general economy in India, are forward looking statements. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of Sterlite Technologies Limited, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding Sterlite Technologies’ present and future business strategies and the environment in which Sterlite Technologies Limited will operate in the future. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, changes in government policies or regulations of India and, in particular, changes relating to the administration of Sterlite Technologies’ industry, and changes in general economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Sterlite Technologies’ control, include, but are not limited to, those risk factors discussed in Sterlite Technologies’ various filings with the National Stock Exchange, India and the Bombay Stock Exchange, India. These filings are available at nseindia.com and bseindia.com.