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Sterlite Technologies bags new orders worth approximately Rs 630 crore in Q4FY13

11 Apr 2013 Evaluate

Sterlite Technologies, a leading global provider of connectivity and infrastructure solutions for the power and telecom industries has received new orders valued at approximately Rs 630 crore in Q4FY13. 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.

Order bookings for the quarter in the power transmission business were about Rs 430 crore 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 crore 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 crore and orders for new high ampacity, low losses products developed by the company, mainly in India & Europe for both new lines and re-conductoring applications.

Order bookings for the quarter in the telecom business were about Rs 200 crore which includes export orders worth Rs 140 crore and pilot orders from new customers in Afghanistan, Kenya and the US.

Sterlite Technologies is a leading global provider of transmission solutions for the power and telecom industries. The company is equipped with a product portfolio that includes power conductors, optical fibers, telecommunication cables and a comprehensive telecom systems / solutions portfolio.

Sterlite Technologie Share Price

268.80 6.35 (2.42%)
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