Sterlite Technologies is currently trading at Rs. 19.75, up by 0.30 points or 1.54% from its previous closing of Rs. 19.45 on the BSE.
The scrip opened at Rs. 19.65 and has touched a high and low of Rs. 20.10 and Rs. 18.85 respectively. So far 277750 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 37.70 on 07-Jan-2013 and a 52 week low of Rs. 15.75 on 06-Aug-2013.
Last one week high and low of the scrip stood at Rs. 20.60 and Rs. 18.70 respectively. The current market cap of the company is Rs. 742.05 crore.
The promoters holding in the company stood at 54.69% while Institutions and Non-Institutions held 10.06% and 35.25% respectively.
Sterlite Grid, a subsidiary of Sterlite Technologies, has secured two major projects with a total project outlay of about Rs 650 Crore. Both the transmission projects will be developed on BOOM basis, and has been awarded by Power Finance Corporation of India – the nodal agency.
The first project – Rajasthan Atomic Power Project “RAPP-Unit 7, 8” transmission project – will transfer power from the atomic power plant near Kota in Rajasthan to Shujalpur in Madhya Pradesh. The transmission systems will evacuate and transmit power through a network of about 200 km long 400 kV double circuit line. This line, when commissioned, will further strengthen power transfer capability from Northern Grid to Western Grid.
The second project, namely “ERRS-7” will include establishment of two 400 kV double circuit lines between Ranchi & Chaibasa in Jharkhand; besides Kharagpur & Purulia in West Bengal. The total line length is around 450 km and the project will include 400 kV Multi-circuit towers near Ranchi substation. This is considered to be the first of its kind private sector transmission projects in India. The project will further strengthen Sterlite’s presence in the Eastern region after the recent commissioning of the Purnia-Bihar Sharif line in Bihar.
Sterlite is a leading global provider of transmission solutions for the telecom and power industries, while TGCI is a China-based manufacturer of optical fiber cables as well as power transmission wires and cables.
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