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Press Release Monday, September 22, 2008

Sterlite Technologies wins CIO 100 Award for innovative use of IT in manufacturing

From correspondents in Maharashtra, India, 11:03 AM 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 that it has received the CIO 100 Award 2008 for its innovative use of Information Technology in manufacturing.

The nominations were adjudged by an eminent jury of professionals and were evaluated on the criteria of innovation to deliver business value, creation of competitive advantage, optimization of business processes, enabling growth and improving relationships with customers.

Sterlite’s has implemented a unique end-to-end traceability platform that is integrated with its ERP platform for the entire manufacturing value chain at its Power Conductors facilities. The system was initiated on the basic premise that automation has intrinsic benefits of data integrity and data reliability. Since the trace data is automatically entered into the ERP servers from the barcodes scanned, Sterlite has also been able to free a significant amount of its valued manpower resource to perform value-adding activities, rather than mere manual data entry. The implemented system ensures end-to-end traceability of the raw material and intermediate products that has been used for producing any particular finished product, simplifying inventory management and enhancing customer support.

Says Mr. Pravin Agarwal – Director, Sterlite Technologies Limited, “In our quest for business excellence, we try to build transparency within our systems and therein enhance value to our stakeholders. Implementation of a high level of automation in our business processes, though the use of information technology, has been a company-wide key focus area. We are honored to receive the CIO100 award and we thank IDG for recognizing our efforts.”

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