Sterlite Optical in expansion mode

By : |July 23, 2007 0

NEW DELHI, INDIA: Sterlite Optical Technologies Ltd, a company providing optical fibers, telecommunication cables and power transmission conductors, is in expansion mode.

Dr Anand Agarwal, chief executive officer of Sterlite Optical Technologies said the company will be expanding its fiber and cable business. “We will be expanding our fiber capacity from four million to six million, and for this Sterlite will be investing about Rs 60 crores for the capacity addition,” he informed.

“The capacity addition is fuelled because of the huge demand due to the broadband penetration in India. The demand has to be fulfilled by the backbone infrastructure and local access, which is our core business. We will start our capacity addition in next few months and it will be fully functional by end of this fiscal,” he said.

On the cable business, Agarwal said the company will be looking at countries outside India. “We want to go global and are looking at countries such as Africa, Middle East and South East Asia. There is a huge opportunity for our products in these countries,” he said

Speaking about the partnership with Huawei, Agarwal said that Sterlite Optical Technologies had a project-based tie-up for the MTNLs MPLS network and for broadband capacity expansion. Sterlite had won the MTNL broadband capacity addition contract worth Rs 160 crores, which will see the state-owned Telco adding another half-a-million lines in Delhi and Mumbai.

“The end-users are demanding better bandwidth, and especially in projects such as Fibre-to-Home, which we are involved with MTNL and BSNL. For this we are planning to offer product and services combined as a solution to its clients. This will include our premium products and that of Huawei. The pilot project will be carried-out in Delhi shortly,” Agarwal added.

The capacity addition is expected to be at its Aurangabad plant, which is a specialized manufacturing facility for Optical Fiber products. Sterlite is also building a new technology plant for transmission conductors at Haridwar, Uttranchal.

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