Sterlite Technologies Ltd on February 11, 2008 announced that it has received a contract from Ethiopian Electric Power Corporation (EEPCo), Ethiopia for manufacture and supply of AAAC Power Transmission Conductors. The contract is valued at US$ 17.5 Million
(approximately INR 700 Million) and as per customer requirements; the deliveries are scheduled from April 2008 through September 2008.
Sterlite was chosen as the sole manufacturer and supplier for over 17,000 km of ‘AAAC Conductors' that would be installed in the 4,000 km route length of the 'Accelerated Electrification Programme (AEP) Project' being executed under World Bank funding in Ethiopia.
Sterlite has a fortified its market share to about 14% in Africa & the Middle East with its Power Transmission Conductors products sold in 32 countries across the region to reputed Turnkey, Utilities and Infrastructure Companies such as SONELGAZ - Algeria, EEPCo - Ethiopia, KPLC – Kenya, PHCN – Nigeria, ESKOM - South Africa and FEWA - UAE, to name a few.
For the 9-months in FY 2007-08, Sterlite’s export sales for its Power Conductors accounted for about 35% of total revenues from sale of its Power Conductor products. The Company currently supplies about 27% of India’s total demand for power transmission & distribution conductors.
Says Mr. Pravin Agarwal – Director, of the Company, "We are honored to partner with EEPCo for this project. With over a decade of experience with the varying requirements of our customers in global markets, supported with state-of-the-art integrated manufacturing facilities, we believe that Sterlite is uniquely positioned to deliver significant value to all our business partners."
Sterlite is a significant contributor to the global power sector through indigenous manufacture of a complete range of power transmission conductors at Extra High Voltages (400kV - 800kV), High Voltages (66kV – 220kV) and power distribution conductors (11kV- 33kV). The Company has a cumulative manufacturing capacity of 115,000 MT (Metric
Tons), making it the largest manufacturer in India and amongst the Top 5 global manufacturers of Power Conductors.
February 12, 2008
Sterlite Technologies gets contract from Ethiopia
January 21, 2008
Sterlite Technologies Q3FY08 Results
Sterlite Technologies Ltd has announced the following Unaudited Results for the quarter ended December 31, 2007:
The Company has posted a net profit after tax of Rs 264.00 million for the quarter ended December 31, 2007 where as the same was at Rs 128.70 million for the quarter ended December 31, 2006. Total Income is Rs 5022.00 million for the quarter ended December 31, 2007 where as the same was at Rs 3139.60 million for the quarter ended December 31, 2006.
The Company has acquired "Power Transmission Business" w.e.f. July 01, 2006. Hence figures for Nine Months are not comparable to figures for the previous year.
January 9, 2008
Sterlite Power Conductors commissioned in India's 1st 765kV Power Transmission Line
Sterlite Technologies Ltd, on January 09, 2008 has announced that its Power Transmission Conductors were successfully commissioned by PGCIL (Power Grid Corporation of India Ltd) in the first 765 kV EHV (Extra High Voltage) Transmission Line to be charged in India. PGCIL announce the charging of this transmission line at a press conference held on January 08, 2008 in New Delhi, India.
The Company was the sole manufacturer and supplier of over 4200 km of ASCR Bersimis Conductors that were installed in Circuit-I of the 351 km route of the Sipat-Seonl EHV Transmission Line that connects the Indian states of Chattisgarh & Madhya Pradesh.
The Sipat-Seoni Line would transmit 1500MVA power on a single circuit line. These 765 kV lines will be able to link generation projects at the pitheads with the consuming states across the country and in process, reduce transmission losses.
Says Mr. Pravin Agarwal - Director of the Company, "We are honored to partner with PGCIL for its landmark project in India. With over a decade of experience with the varying requirements of customers in global markets in the Power Sector, Sterlite is uniquely positioned to be a significant contributor to India's vision of Power for All by year 2012."
The Company is a significant contributor to the global power sector through indigenous manufacture of a complete range of power transmission conductors at Extra High Voltages (400kV - 800kV) High Voltages (66kV - 220kV) and power distribution conductors (11kV- 33kV).
The Company has a cumulative manufacturing capacity of 115,000 MT (Metric Tons), making it the largest manufacturer in India and amongst the Top 5 global manufacturers of Power Conductors. The Company currently has about 3% global market share for Power Transmission Conductors and these products have been sold in 38 countries across Africa, Middle East, Asia & Europe.
The Company currently supplies about 27% of India's total demand for power transmission & distribution conductors. In H1 2007-08, the Company's export sales for its Power Conductors accounted for about 28% of total re from sale of its Power Conductors.
