Sterlite power conductors selected for high voltage & green energy transmission systems
… Total value of new contracts received since July 1, 2011 reaches Rs 450 Crores.
Pune, INDIA – August 25, 2011
Sterlite Technologies Limited “Sterlite” [BSE: 532374, NSE:STRTECH], a leading global provider of connectivity solutions for the power and telecom industries, announced that it has received two new contracts from Power Grid Corporation of India (PGCIL) for manufacture and supply of power conductors.
The first contract is for Sterlite power conductors, that would be used in the 765KV double circuit Champa-Raipur Pooling Station Transmission Line in the Indian State of Chattisgarh. This is one of India’s first 765KV double circuit transmission systems being developed by a public sector company, designed for high voltage power transmission.
This contract puts Sterlite in the unique position of being closely associated with development of the first 765KV double circuit lines in the public and private* power sectors in India.
The second contract is for Sterlite power conductors, that would be used in the 400KV Kishnganj-Patna Line. This transmission system is intended to evacuate power from hydroelectric generation projects in Sikkim, to the Northern and Western regions of India. This project complements the Ministry of Power’s focus on green energy, generated from renewable natural resources.
These contracts valued at about Rs 225 Crores, are part of a total bank of new orders valued at about Rs 450 Crores that Sterlite has received since July 1, 2011.
“A nation’s infrastructure development is a fundamental facet in its economic growth. A fast growing economy warrants an even faster development of infrastructure.” says Pravin Agarwal, Wholetime Director of Sterlite Technologies. “Sterlite would continue its involvement in developing power and telecom infrastructure highways in the country, to sustain India’s global competitiveness.” he adds.
*Footnote: In January 2011, Sterlite was selected to develop India’s first privately owned 765kV transmission system on ‘Build, Own, Operate’ (BOO) basis. The transmission system involved establishment of a 765kV Double Circuit Line from Dharamjaygarh to Jabalpur.
About Sterlite Technologies Limited: Sterlite Technologies Limited (“Sterlite”) [BSE: 532374, NSE: STRTECH], is a leading global provider of connectivity solutions for the power and telecom industries. Equipped with a product portfolio that includes power conductors, 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. For more details, please visit www.sterlitetechnologies.com
Keith D’Silva, Sterlite Technologies Limited, Phone: +91.20.30514000, [email protected]
Investor Relations Contact
Vishal Aggarwal, Sterlite Technologies Limited, Phone: +91.20.30514000, [email protected]
Pravin Chandra Sharma, The PRactice , Phone: +91.22.30008371 / 72 / 73, [email protected]