Sterlite Optical chosen to enhance BSNL's Pan-India Optical Fiber Access Network

Sterlite Optical Technologies Ltd on August 14, 2007 announced that it has received a contract from BSNL for manufacture and supply of high fiber count Ribbon Fiber Optic Cables. These cables would be installed in BNSL's Pan-India Optical Fiber Access Network (OAN). The contract is valued at Rs 380 Million and supplies would be completed within the next 6 months.

Sterlite is the pioneer of ribbon fiber optic cables in India and has supplied over 60% of the country's requirements of these specialized cables since Year 2003. Sterlite RIBBON-LITE Fiber Optic Cables are suitable for installation in cable ducts. These cables are ideally suited for bandwidth rich networks and are typically installed in the access network. The cables are designed to operate from -30oC to +70oC, thus spanning all possible deployment conditions. These cables provide an efficient means to achieve high fiber density, as well as reduce the time per fiber required for installation.

Says Mr. K S Rao, CMO - Telecom, "Over the last 3 years, Sterlite has introduced 17 products designed for the rapidly evolving needs of the Global & Indian Telecom. We are grateful to BSNL for recognizing our capability of providing cutting-edge solutions for the Indian Telecom Industry".

Sterlite Optical Technologies is India’s leading global provider of Optical Fibers & Fiber Optic Cables and currently has about 4% global market share for Optical Fibers. Sterlite has been nominated the 'Top Telecom Cables Company' in India consistently since 2004, as per the annual V&D100 Survey.

The stock was trading at Rs.224.80, up by Rs.6.75 or 3.10%. The stock hit an intraday high of Rs.227.80 and low of Rs.217.55. The total traded quantity was 120067 compared to 2 week average of 155704.

Source : Equity Bulls

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