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Sterlite Technologies secures advance purchase order from BSNL

01 Jul 2014 Evaluate

Sterlite Technologies has secured an advance purchase order from Bharat Sanchar Nigam (BSNL) for end-to-end deployment including design, engineering, implementation and maintenance of a part of Network for Spectrum (NFS) project - Optical Fiber Cable (OFC) Network in the state of Jammu & Kashmir of the NTP region.

The company is also a key partner in creating OFC networks in other regions in the country as a part of NFS rollout, countrywide. This project in Jammu & Kashmir region including Optical Fibre Cable supplies to other parts of the country is expected to add around Rs 1,950 crore to the company’s order book. This order needs to be executed by 2016.

Additionally, the company has also been contracted to maintain the Jammu & Kashmir network for an additional period of 7 years at a value of about Rs 500 crore.

Sterlite Technologie Share Price

262.45 6.80 (2.66%)
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