Sterlite Technologies, a manufacturer of optical fibres, telecommunication cables and power transmission conductors, has won contracts totalling Rs2,450 crore from Bharat Sanchar Nigam Ltd for setting up an optical fibre cable network.
Under the first contract, valued at Rs1,950 crore, the Vedanta Group company, will supply, deploy and maintain a part of Network for Spectrum (NFS) project in Jammu & Kashmir. The Pune-based company has also secured contracts to supply OFC to other parts of the country, it said in a statement.
The regions other than Jammu & Kashmir are Maharashtra, Goa, Gujarat, Chattisgarh, Madhya Pradesh, Assam and Northeast among others.
As part of the contract, to be executed by 2016, the Pune-based company will also build a new communication network - a highly-resilient OFC-based nationwide optical backbone for Defence sites and access networks - for the Armed Forces.
Sterlite will design, plan and implement this country-wide secure, multi-protocol converged network, which is based on dedicated tri-services optical transport backbone.
The network will help Armed Forces migrate all their communications to this alternate system, thereby freeing spectrum for commercial use.
Sterlite also won an additional seven-year maintenance contract for OFC network in J&K, valued at Rs 500 crore. The company's current order book stands at about Rs4,500-5,000 crore.
The company operates in three business verticals transmission, power and infrastructure, while the major contributors are power and transmission.