Sterlite Technologies wins INR 1.4 Billion contract

Thebullishtrends: Sterlite Tech shares are trading at Rs.334. Sterlite Technologies wins INR 1.4 Billion contract from RVPN, India Sterlite Technologies Ltd has received a contract from Rajasthan Rajya Vidyut Prasaran Nigam Ltd. (RVPN), India valued at INR 1.4 Billion for manufacture and supply of ACSR Moose Power Transmission Conductors.

Sterlite was chosen as the sole manufacturer and supplier for over 5600 km of ACSR Moose Conductors that would be installed in 530 km route length of 400 KV S/C (Single Circult) and 180 km route length of D/C (Double Circult) Transmission Lines in the Indian state of Rajasthan.

Sterlite 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 revenues from sale of its Power Conductors.