Monday, July 07, 2014: Pune-based Sterlite Technologies, that deals in transmission solutions for the telecom and power industries and a part of the Vedanta Group, has announced that it has bagged two orders worth Rs 24,500 million. These orders have taken the company’s current order book to Rs 45,000 to 50,000 million.
The company has received this major purchase order from Bharat Sanchar Nigam (BSNL) for end-to-end deployment. The order cover design, engineering, implementation and maintenance of a part of Network for Spectrum (NFS) project. The total contract is worth Rs 5000 million.
Sterlite has also inked a contract with Jammu & Kashmir for laying an optical fiber cable (OFC) network in the state. The total size of this contract is worth Rs 19,500 million. It has also joined hands with a major partner in creating the OFC networks in other regions in the country as a part of NFS rollout, countrywide.
Talking to Business Standard, Anand Agarwal, CEO, Sterlite Technologies, said, “J&K is one of India’s most sensitive areas in all aspects of national interest. We have recently been awarded a project to establish a power transmission infrastructure in J&K under NRSS 29. We are happy that our capabilities of creating end-to-end infrastructures in Power and Telecom are being put to use in India’s critical corridors.” The timeline of executing the J&K order is by 2016.
Along with this, Sterlite has also bagged the contract of maintaining the Jammu & Kashmir network for an additional period of seven years at a value of about Rs 5000 million.
Agarwal said, “The overall sector growth looks positive. We have recently entered in Latin America with a joint venture with Conduspar, a leading cable manufacturer, in Brazil with an initial greenfield capacity of 0.5 million fibre kilo meter (fkm) of optical fibre cables to be ramped up to 1-2 million fkm in the next 2-3 years as market grows. The Brazil plant will be operational by end of September this year. The total annual production capacity of Sterlite will be be 17 million fibre kilo meter (fkm).”
