From correspondents in Maharashtra, India, 08:51 PM IST

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 power and telecom industry, today 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. The contracts, which are for Sterlite’s ACSR Moose & AAAC power conductors, are worth a total of Rs 278 Crores (US$ 66 Million). As per customer’s requirements these power conductors would be supplied between September 2008 and December 2009.

Says Mr 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 & 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 5 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.

Source: Press Release Distribution via India PRwire