Sterlite Technologies announced that it has received contracts worth USD 15.5 million from infrastructure companies in Nigeria, Uganda, Algeria and Bangladesh.

Under the proposed contracts, Sterlite Technologies will exclusively supply power conductors for infrastructure companies in the countries mentioned above.

The company (Sterlite Technologies ) did not divulge the names of companies from which it has secured contracts.

Commenting on the contract, Mr. Pravin Agarwal, Director-Sterlite Technologies stated, “These latest contract wins are significant endorsement of our customer confidence in Sterlite's technical capabilities and product reliability.”

The power conductors for the proposed contracts would be supplied between July 2008 and November 2008.  
 
With these contracts, Sterlite has strengthened its market share in Africa to 14 per cent, with its power transmission conductors being sold in 21 countries across the continent.

The company has manufacturing capacity of 115,000 tonnes making it the largest manufacturer in India with 27 percent market share.

Shares of the company were settled at Rs 200, up 2.37 per cent on National Stock Exchange.