Mumbai: Optical fibre provider Sterlite Technologies said on 24 April it has received three orders worth Rs296 crore from Power Grid Corp of India (PGCIL) for supplying power transmission conductors.
With these new contracts, the company has opened financial year 2009 with a total order book of Rs1,020 crore for its telecom and power businesses.
“With our expanded capacity for Power Transmission Conductors we believe Sterlite has the capability to maintain equilibrium in supply of our products to service the growing demand from the Indian market and to grow our global market shares,” Sterlite director Pravin Agarwal said.
As per PGCIL’s requirements, supplies against these contracts would commence from August 2008, the company said in a filing to the Bombay Stock Exchange.
Sterlite was chosen as sole manufacturer for the Korba-Birsinghpur-Damoh-Bhopal transmission lines in Madhya Pradesh, for Gorakhpur-Lucknow lines in Uttar Pradesh and the Vapi-Khadoli lines in Maharashtra.