Sterlite Optical's exports order book for Power Transmission Conductors pegged at US$62 Million

Sterlite Optical Technologies Ltd has announced that the Company has an export order book for Power Transmission Conductors valued at approximately US$ 62 Million. Based on the delivery schedules required by its customers, the Company anticipates to complete deliveries within the next 6-8 months.

The Company acquired the Power Transmission Business from Sterlite Industries (India) Ltd in July 2006. For the 9-month period in FY 2006-07, export revenues from the Company's Power Transmission Conductors business accounted for approximately US$ 35 Million.

The Company currently has about 3% global market share for Power Transmission Conductors and these have been sold in 38 countries across Africa, Middle East, Asia & Europe to reputed Turnkey, Utilities and Infrastructure Companies such as SONELGAZ - Algeria, EEPCO - Ethiopia, PHCN - Nigeria and ESKOM- South Africa, to name a few.

Says Mr. Pravin Agarwal - Director, of the Company, "In order to address the growing demand from our global customer base, in FY 2006-07 we decided to undertake a Greenfield expansion for manufacture of Power Transmission Conductors at Haridwar, Uttaranchal. The project is well underway and we anticipate commercial production by June 2007."

The Company's experience with the varying requirements of customers in global markets has ensured continuous improvement and customer orientation of the Company. The Company is a significant contributor to the global power sector with a complete range of power transmission conductors at Extra High Voltages (400kV - 800kV), High Voltages (66kV - 220kV) and power distribution conductors (11kV- 33kV) the Company currently supplies about 23% of India's total demand for power transmission & distribution conductors.

Source : Equity Bulls

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