Sterlite bags Rs 2.96 Billion contract from PGCIL

Mumbai, Apr 24 (UNI) Sterlite Technologies Ltd has received three contracts valued at Rs 2.96 Billion (approx. US$ 74 Million) from Power Grid Corporation of India (PGCIL) for supply of Power Transmission Conductors.

The Company in a release here said the supplies against the contract would commence from August this year.

Over the past decade, Sterlite has established itself as the single largest supplier for PGCIL's pan-India requirements.

With the receipt of these new contracts, the Company has opened FY-09 with a total order book of Rs 10.2 Billion (USD 257 Million) for its telecom and power businesses.

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