Sterlite Optical Technology gets order from Power Grid

Pune-based Sterlite Optical Technologies Ltd., India's leading global provider of Power Transmission Conductors, Optical Fibers and Telecommunication Cables announced that it has been chosen by Power Grid Corporation of India (PGCIL) for manufacture and supply of ACSR Lapwing Power Transmission Conductors for India's first 500kV HVDC lines suited for transmission of over 2500MW power. These conductors would be installed in the +/-500 kV HVDC Ballia - Bhiwadi Transmission Line. The contracts, valued at approximately Rs 1.8 Billion, were received during Q3 2006-07. Deliveries are scheduled over the next 21 months.

Says Mr Pravin Agarwal - Director, Sterlite Optical Technologies Ltd, "We are honored to partner with PGCIL in 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 Government of India's Transmission Perspective Plan focuses on the creation of a 'National Grid' in a phased manner by adding over 60,000 km of Transmission Network by 2012. Such an integrated grid shall evacuate additional 1, 00,000 MW by the year 2012 and carry 60% of the power generated in the country. The existing inter-regional power transfer capacity is 9,000 MW, which is to be further enhanced to 30,000 MW by 2012 through creation of "Transmission Super Highways". For creation of such a grid, an investment of Rs. 710 Billion is envisaged.

Sterlite is a significant contributor to India's 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) Sterlite currently supplies about 23% of India's total demand for power transmission & distribution conductors. Sterlite Optical Technologies acquired the Power Transmission Business from Sterlite Industries (India) Ltd in August 2006

Sourced From: Pink & White Consulting (Public Relations)