Sterlite Technologies receives new orders pegged at around Rs. 630 Crores

4 views
Skip to first unread message

Rajesh Desai

unread,
Apr 11, 2013, 4:44:33 AM4/11/13
to




NEWS RELEASE                                                               FOR IMMEDIATE
PUBLICATION

Sterlite Technologies receives new orders pegged at around Rs. 630 Crores
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Pune, India - April 11, 2013: Sterlite Technologies Limited ("Sterlite") [BSE: 532374,
NSE: STRTECH], a leading global provider of connectivity and infrastructure solutions
for the power and telecom industries today announced that the Company has received
new orders valued at approximately Rs. 630 Crores in Q4 FY13. The orders booked
were sourced from a diversified customer base with varying delivery schedules, most
of which would be executed over the course of FY14.

Power Transmission Business

Order bookings for the quarter in the power transmission business were about Rs
430 Crores which includes:


* Orders worth about Rs 80 Crores from Power Grid Corporation of India for system
strengthening in the southern region of India
* Export orders worth Rs 130 Crores; making it the highest ever export orders booked
in a quarter, for this segment. Of these, orders from new customers in Africa and
Latin America were worth Rs 85 Crores
* Orders for new high ampacity, low losses products developed by the company, mainly
in India & Europe for both new lines and re-conductoring applications

Telecom Business

Order bookings for the quarter in the telecom business were about Rs 200 Crores
which includes:


* Export orders worth Rs 140 Crores
* Pilot orders from new customers in Afghanistan, Kenya and the US

Mr Pravin Agarwal, Director, Sterlite Technologies Ltd, mentioned, "We continue
to extend our reach with key Global Customers, establishing a strong connect backed
by our application engineering strengths, customer service and flexible offerings
suited to our customers' requirements."
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

About Sterlite Technologies Limited:

Sterlite Technologies Limited ("Sterlite") [BSE: 532374, NSE: STRTECH], is a leading
global provider of transmission solutions for the power and telecom industries.
Equipped with a product portfolio that includes power conductors, optical power
ground wire, EHV/HV power cables, optical

fibers, telecommunication cables and a comprehensive telecom systems / solutions
 portfolio, Sterlite's vision is to 'Connect every home on the planet'. Sterlite
 is also executing multi-million dollar power transmission system projects, pan-India.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Contacts:

Anupama Bhardwaj: Corporate Communications, Sterlite Technologies Limited
Phone: +91.20.30514000, Email: anupama....@sterlite.com

Vishal Aggarwal: Investor Relations, Sterlite Technologies Limited
Phone: +91.20.30514000, Email: vishal....@sterlite.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

www.sterlitetechnologies.com


--
CA. Rajesh Desai
Reply all
Reply to author
Forward
0 new messages