Sterlite Technologies Limited, a part of Sterlite Group, has announced that the company has received three contracts from PGCIL (Power Grid Corporation of India) that have a cumulative value of Rs 296 crore.
Pune-based, Sterlite received order for supply of conductors for Korba-Birsinghpur-Damoh-Bhopal Transmission Lines, Gorakhpur-Lucknow Transmission Lines and Vapi-Khadoli Transmission Lines in Madhya Pradesh, Uttar Pradesh and Maharashtra, respectively.
As per PGCIL's requirements, supplies against these contracts would commence from August 2008.
PGCIL is India's single largest buyer of Power Transmission Conductors and 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 Rs1002 crore for its telecom and power businesses.