Sterlite Technologies wins Rs 114 crore broadband contract from BSNL
21 Sep 2011
Sterlite Technologies Ltd has won a contract, valued at about Rs 114 crore, to deploy a central office broadband system for state-owned Bharat Sanchar Nigam Ltd (BSNL) across all its circles.
This contract is part of a total bank of new orders valued at about Rs560 crore that Sterlite Technologies, has received since 1 July 2011, it said in a statement.
The company's shares rose following the announcement, and were up by more than 3.5 per cent at Rs41.35 during mid-day trade.
''Sterlite has developed the capability to provide comprehensive solutions for the telecom and broadband sectors. We remain committed to facilitating the propagation of broadband in India,'' said Sterlite Technologies Head (System Integration Business) Rahul Sharma.
The company will install and commission the system by March 2013 and would manage the network for seven years thereafter. The system, once completed, would be capable of handling about 1.6 million broadband connections.
Sterlite has streamlined its efforts to implement these central office broadband systems well within the required project schedule, it added.
Sterlite, a provider of connectivity solutions for the power and telecom industries, is also executing multi-million dollar power transmission system projects, pan-India.
Recently, Sterlite Technologies has bagged two orders worth Rs225 crore from the Power Grid Corporation of India (PGCIL). The orders were for manufacture and supply of power conductors.
The first contract is for 765 KV double circuit Champa-Raipur Pooling Station Transmission Line in Chhattisgarh.
Sterlite Technologies said the second contract is for 400-KV Kishnganj-Patna Line.
cCompany has an optical fibre manufacturing plant located in Aurangabad, and Telecom Cable & Power Transmission Conductor plants in Gujarat, Pune and Haridwar.
