Sterlite taps contracts worth Rs 278 cr

BANGALORE, INDIA: Sterlite Technologies Limited ("Sterlite"), a global provider of wire and cable solutions for the power and telecom industry, announced contract wins from Power Grid Corporation of India (PGCIL), Jaypee Powergrid Limited, Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL), India and Ethiopian Electric Power Corporation (EEPCo), Ethiopia.

As per customer's requirements these power conductors would be supplied between September 2008 and December 2009.

Pravin Agarwal - director, Sterlite Technologies Limited, "Our business strategy is to consolidate our market share in India and build a global customer base for our company. Over the last decade, Sterlite has established itself a preferred vendor to power and utility companies across the world, resulting in repeat business across extended periods."

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 five global manufacturers of power conductors.

Keeping in line with the sustained demand from the global power industry, Sterlite recently announced plans to further enhance its power conductors manufacturing capacity to 160,000 MT.