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Pune, Maharashtra, India, 2008/05/21 - Company awarded for “Excellence in Exports” - Company’s export revenues increased by 75% in FY08 over that in FY07 - International Sales account for 31% of Company’s net revenues in FY08.
Sterlite Technologies Limited [BSE: 532374, NSE:STRTECH], a leading global provider of Power Transmission Conductors, Optical Fibers and Telecommunication Cables today announced that it has received the ‘TEMA National Telecom Award 2008’ for Excellence in Exports (Category: Telecom Exports > Rs 100 Crores).
The evaluation criteria for the award included each competing company's Revenue from Telecom Exports in FY08, Y-o-Y Growth in Export Revenues and Export Revenues as a share of Total Revenues.
In FY08, Sterlite's total revenues from export sales increased exponentially by 75% compared with the last fiscal and accounted for 31% of the Company's total sales revenues in FY08. At the start of Q1 FY09, the Company reported a strong order book of about Rs. 1,020 Crores for its telecom and power products, of which the export order book is about Rs. 320 Crores. The Company’s international sales efforts are complemented by its sales / representative offices in China, Russia, South Africa, Thailand, United Arab Emirates & United Kingdom.
The Telecom Equipment Manufacturers’ Association of India (TEMA) organized the 2nd Edition of the ‘National Telecom Awards’ on the occasion of World Telecom and Information Society Day. The awards were presented in the category of Exports, Manufacturing, Innovation, R&D etc. The award was presented to Sterlite by Mr Thiru A Raja, Hon’ble Union Minister of Communications & IT on May 16, 2008 in New Delhi.
Mr KS Rao – COO (Telecom) says, “We have consciously realigned our sales efforts to focus on judicious mix of products, mix of sustained growth markets and future potential markets. We are grateful to TEMA for recognizing our efforts and we believe that our processes are firmly established to ensure the sustainability of our global customer mix.”
About Sterlite Technologies Limited
Sterlite Technologies Limited (formerly, Sterlite Optical Technologies Ltd) is India’s leading global provider of Optical Fibers, Telecommunication Cables and Power Transmission Conductors. It is India's only fully integrated Optical Fiber producer and one of the largest suppliers of Optical Fibers to overseas markets in China, Europe and South East Asia. Sterlite Technologies Ltd (Sterlitetechnologies.com) is listed on the National Stock Exchange and Stock Exchanges at Mumbai and Kolkatta. The Company has a world class Optical Fiber manufacturing plant located at Aurangabad, India and Telecom Cable & Power Transmission Conductor plants at Silvassa, Haridwar & Pune, India.
About Telecom Equipment Manufacturers’ Association of India (TEMA)
Established in 1990, Telecom Equipment Manufacturers’ Association of India (Tematelecom.net) is recognized by the Government of India as the National Apex body to represent telecom Technology Providers, Global and Indian, Private and Government owned companies. Being the official mouthpiece of Indian telecom manufacturing industry, TEMA plays the critical role of advising the government and influencing decisions relating to Indian telecom industry. TEMA also enjoys the privilege of proposing names of technical experts from the industry to various telecom committees of the Government of India and major national industry associations. TEMA has membership of more than 150 member companies covering almost 80 per cent of Indian Telecom Equipment Manufacturing.