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Sterlite Technologies in jubilant mood on bagging order from BSNL

21 Sep 2011 Evaluate

Sterlite Technologies is currently trading at Rs 41.80, up by 1.90 points or 4.76% from its previous closing of Rs 39.90 on the BSE.

The scrip opened at Rs 39.90 and has touched a high and low of Rs 42.40 and Rs 39.90 respectively. So far 4,48,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 104.45 on 14-Oct-2010 and a 52 week low of Rs 36.20 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs 42.40 and Rs 38.70 respectively. The current market cap of the company is Rs 1,643 crore.

The promoters holding in the company stood at 54.72% while Institutions and Non-Institutions held 13.80% and 31.48% respectively.

Sterlite Technologies, a leading global provider of transmission solutions for the power and telecom industries, has bagged a contract from BSNL, for deployment of a central office broadband system in telecom circles, pan India.

The company would install and commission the system within FY13 and would manage this network for 7 years thereafter. The system, once completed, would be capable of handling about 1.6 million broadband connections.

Sterlite has streamlined its efforts to implement these Central Office broadband systems well within the required project schedule. This contract valued at about Rs 114 crore, is part of a total bank of new orders valued at about Rs 560 crore that Sterlite has received since July 1, 2011.

Sterlite Technologies manufactures telecom cables and power transmission conductors. It is the largest domestic player for both telecom cables and power transmission conductors, and has a sizable presence in the global optical fibre and cables market.

Sterlite Technologie Share Price

267.20 -9.35 (-3.38%)
24-Apr-2026 16:59 View Price Chart
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