Sterlite bags Rs24 cr project from BSNL

Sterlite bags Rs24 cr project from BSNL

Mumbai: Sterlite Technologies on Wednesday said it has received a Rs24-crore order from state-run telecom major Bharat Sanchar Nigam Ltd (BSNL) for supplying optical fiber cables.

Sterlite Tech would supply high-density ribbon fibre optic cables, which BSNL would initially install in about 100 city sites across the country, the Maharashtra-based firm said in a filing to the Bombay Stock Exchange.

BSNL would use the ribbon fiber optic cables in its pan-India broadband access network to enhance the efficiency of network roll-out.

Ribbon fiber optic cables provide an efficient means to achieve high fiber density, as well as reduce the time per fiber required for installation, thus facilitating quick roll-out of the network.

Further, with the growth in demand for fibre cable from the domestic and global telecom and power sectors, the company is also scaling up its operations.

The company is doubling the manufacturing capacity at its optical fiber facility to 12 million-km and tripling the manufacturing capacity at its fiber optic cables facility to six million-km, the filing said.

Earlier, the optical fibre and telecom cables manufacturer had bagged two contracts worth Rs107 crore from BSNL.

The first contract was for fibre optic cables that BSNL would install in about 900 urban centres across the country and the second was for copper telecom cables to develop basic telephony in rural areas.

Shares of Sterlite Tech were trading at Rs116, down 0.04% on the BSE.