Sterlite Technologies Receives New Orders Pegged at Around Rs. 630 Crores

PUNE, India, April 12, 2013 /PRNewswire/ --

Sterlite Technologies Limited ("Sterlite") [BSE: 532374, NSE: STRTECH], a leading global provider of connectivity and infrastructure solutions for the power and telecom industries, today announced that the Company has received new orders valued at approximately Rs. 630 Crores in Q4 FY13. The orders booked were sourced from a diversified customer base with varying delivery schedules, most of which would be executed over the course of FY14.

Power Transmission Business

Order bookings for the quarter in the power transmission business were about Rs 430 Crores which includes:

•       Orders worth about Rs 80 Crores from Power Grid Corporation of India for system strengthening in the southern region of India.

•       Export orders worth Rs 130 Crores; making it the highest ever export orders booked in a quarter, for this segment. Of these, orders from new customers in Africa and Latin America were worth Rs 85 Crores.

•       Orders for new high ampacity, low losses products developed by the company, mainly in India & Europe for both new lines and re-conductoring applications.

Telecom Business

Order bookings for the quarter in the telecom business were about Rs 200 Crores which includes:

•       Export orders worth Rs 140 Crores.

•       Pilot orders from new customers in Afghanistan, Kenya and the US.

Mr Pravin Agarwal, Director, Sterlite Technologies Ltd, mentioned, "We continue to extend our reach with key Global Customers, establishing a strong connect backed by our application engineering strengths, customer service and flexible offerings suited to our customers' requirements."

About Sterlite Technologies Limited

Sterlite Technologies Limited ("Sterlite") [BSE: 532374, NSE: STRTECH], is a leading global provider of transmission solutions for the power and telecom industries. Equipped with a product portfolio that includes power conductors, optical power ground wire, EHV/HV power cables, 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.

Primary Media Contact: Anupama Bhardwaj, [email protected], 91-20-30514000

Secondary Media Contact: Vishal Aggarwal, [email protected], 91-20-30514000