Mumbai, September 5, 2006: Sterlite Optical Technologies Ltd., India's only global provider and integrated manufacturer of optical fiber announced today that it has increased its sales to 32 countries in FY 2005-06, up from 19 countries in the previous year.In Q1 2006-07 the Company's export revenues were Rs 30.4 Crores as compared to Rs 8.9 Crores in the corresponding quarter last year. Export revenues amounted for 31% of net revenues in the first quarter of the current fiscal. The Company currently enjoys 4% of global market share for Optical Fiber Products.The Company has existing business relationships with customers in 32 countries spread across Central America, Western Europe, Scandinavia, Eastern & Central Europe, Middle East, Africa and South East Asia.As part of its increasing attention to Middle East & South East Asian markets, Sterlite Optical Technologies Ltd has also recently opened offices in Dubai & Bangkok.Says Mr Pravin Agarwal, Director - Sterlite Optical Technologies, "Sterlite Optical's experience with the varying requirements of customers in global markets has ensured continuous improvement and customer orientation of the company. We intend to sustain our momentum and are using innovative partnerships to increase our global presence. We would continue with the same relentless focus along our path towards long-term growth; based on the strength of our culture of continuous improvement in all our business processes."About Sterlite Optical Technologies LtdSterlite Optical Technologies Limited is one of the leading developers and manufacturers of Optical Fibers and Fiber Optic Cables worldwide. It is India's only fully integrated Optical Fiber producer and one of the largest suppliers of Optical Fibers to overseas markets in China, Europe and South East Asia. The company is among the winners of the 'Deloitte Technology Fast 50 India & Fast 500 Asia Pacific 2005' awards for FY 2004-05, according to the survey conducted by Deloitte, Hong Kong in 2005. Sterlite Optical Technologies is the only company to be awarded the 'Top Telecom Cables Company' in India, four times in the past five years, as per the annual V&D 100 Survey and is a winner of the 'Amity Award for Corporate Excellence' in 2005 Sterlite Optical Technologies is listed on the National Stock Exchange and Stock Exchanges at Mumbai and Kolkatta. The company has a world class Optical Fiber manufacturing plant located at Aurangabad, India and Telecom Cable plants at Silvassa, India. For further information about the Company, please visit www.sterliteoptical.com
