The contracts are worth a total of $5.2m and supplies would be executed in fiscal year 2008-09.
Sterlite said that it has a firm market share of about 14% for bare overhead power conductors and a growing market share of about 10% for fiber-optic cables.
KS Rao, COO of Sterlite Technologies, said: A key aspect of our growth strategy is focused on high-growth and developing markets. The African market has reported a CAGR in demand of about 10% between 2004 and 2008, with the demand being prompted by new inter-city backbones deployed by incumbents and alternative operators such as power utilities, oil and gas pipeline owners and highway authorities.
Since our entry into the African market about three years ago, we have achieved in product acceptance, market penetration and customer retention. We believe that Sterlite is well positioned for future growth in this region.
According to the company, it is doubling the manufacturing capacity at its Optical Fiber facility to 12 million-km and tripling the manufacturing capacity at its Fiber Optic Cables facility to 6 million-km. Also the increase in the manufacturing capacity has been targeted by 40% at its Power Conductors facility to 160,000MT. All of Sterlite’s capacity expansion programs are scheduled to complete within the current fiscal.
