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Sterlite Technologies has surged 2% following the announcement of a Joint-Venture agreement with VISCAS Corporation, a leading Japanese company on September, 29 2014.
This venture is an important milestone in sustaining Sterlite’s leadership in power transmission & distribution sector with an objective of addressing the growing extra high voltage underground power cabling requirements in India.
“This partnership has the potential to attain leadership in the HV/EHV Cables market in India innext 2-3 years," said Mr. Pravin Agarwal, Whole-Time Director, Sterlite Technologies Limited.
The stocks opened at Rs 68 and has reached a high of Rs 69.90, so far. Around 470,000 shares have changed hands on BSE and NSE combined so far.
