Sterlite Tech bags $35 mn contract

Sterlite Technologies today announced that it has received a contract from Rajasthan Rajya Vidyut Prasaran Nigam, for manufacture and supply of ACSR Moose power transmission conductors.

The contract is valued at approximately $35 million , the deliveries are scheduled from February through November 2008.

Sterlite was chosen as the sole manufacturer and supplier for over 5,600 km of ACSR Moose conductors that would be installed in 530 km route length of 400 KV single circuit and 180 km route length of double circuit transmission lines.

Sterlite currently supplies about 27% of the country's total demand for power transmission & distribution conductors. In H1 2007-08, the export sales for its power conductors accounted for about 28% of total revenues.

Pravin Agarwal, director, of the company said, "We are honored to partner with RVPN for this project. With over a decade of experience with the varying requirements of our customers in global markets, supported with an integrated manufacturing facilities, we believe that we are uniquely positioned to deliver significant value to all our business partners."

Sterlite has a cumulative manufacturing capacity of 115,000 MT (Metric Tons).