Sterlite Technologies Ltd

Sterlite Technologies Recommended Dividend Of Rs. 0.30 Per Equity Shares The board of Sterlite Technologies in its meeting held on 26 April 2013, has recommended a final dividend of 15% (Rs 0.30 on equity share of Rs 2 each of the Company) for approval by the shareholders of the company.

Sterlite Technologies allots equity shares Under ESOS The committee of Sterlite Technologies in its meeting on 17 April 2013 has allotted 80,964 equity shares to those grantees who had exercised their options under the company`s Employee Stock Option Scheme -2006 and 2010.

Sterlite Technologies to consider final dividend Board meeting on 26 April 2013 The board meeting of Sterlite Technologies will be held on 26 April 2013 to consider the audited financial results of the company for the quarter and year ending 31 March 2013 and to consider the audited consolidated financial results of the company and its subsidiaries for the year ending 31 March 3013. The board will also consider recommendation of final dividend, if any.

Sterlite Technologies bags new orders worth Rs 630 crore Sterlite Technologies has announced that the company has received new orders valued at approximately Rs 630 crore in Q4 FY13. The orders booked were sourced from a diversified customer base with varying delivery schedules, most of which would be executed over the course of FY14. In power transmission business, the company secured orders worth around Rs 430 crore, which include orders for Rs 80 crore from Power Grid Corporation of India for system strengthening in the southern region of India and export orders worth Rs 130 crore, making it the highest-ever exports orders booked in a quarter, for this segment. Of these, orders from new customers in Africa and Latin America were worth around Rs 85 crore. In telecom business, order books for the quarter were around Rs 200 crore, which include export orders worth Rs 140 crore and pilot orders from new customers in Afghanistan, Kenya and the US. The company made this announcement during the trading hours today, 11 April 2013.

Sterlite Technologies accelerates FTTH deployment in Netherlands Sterlite Technologies has announced that it is currently involved in several landmark Fibre-to-the-Home (FTTH) deployments in the Netherlands, a country that is experiencing a significant upswing in FTTH connectivity. As a leading provider of optical fibre-based products and services, Sterlite is bringing high-speed, fibre-based broadband access to people living in the Netherlands. By December 2012, Sterlite had 10,000 connected homes across 2 cities in the country. The company now aims to add another 40,000 households to the fibre-optic network by the end of 2013, thereby extending its services to 5 cities. Sterlite`s scope of work includes delivery of all optical fiber passive components, project management, warehousing, logistics and product training. In the Netherlands, Sterlite will continue to implement projects in a phased manner. This will involve deploying more than 400 km of fibre cable and 3,000 km of direct buried fibre access cable together with ducts, micro-tubes, ODF drawers and cabinets, as part of the entire project requirements to complete the FTTH installation. According to the FTTH council, the Netherlands currently has a Fiber-to- the-Home penetration of close to 5% and with the European nations racing towards Fiber maturity, it is expected to reach as high as 70% by the end of 2018. Being a part of this network expansion, Sterlite aims to enable a sizeable fraction of FTTH connections in households across the Netherlands. The company made this announcement after the trading hours on 12 March 2013.

Sterlite Technologies` JV in China starts production of optical fiber Jiangsu Sterlite Tongguang Fiber Company (JSTFCL), the joint venture company formed between Sterlite Technologies and Jiangsu Tongguang Communication Company (TGCI) today announced the commencement of production of optical fiber at their new facility located in Haimen, Jiangsu Province in China. The green-field factory has been set up with an investment of around $25 million. China with a total annual demand of optical fiber of more than 100 million km is an extremely important market for Sterlite Technologies and this strategic investment will help the company establish a stronger foothold in the market. While Sterlite brings expertise in optical fiber technology, TGCI brings significant fiber cable manufacturing expertise and market reach in China. With the benefits of extended product lines, JSTFCL would make it faster, easier and more cost-effective for utilities and service providers to build new age communication infrastructure. The company made this announcement during the trading hours today, 18 February 2013.

Sterlite Technologies allots equity shares Under ESOS The committee of Sterlite Technologies in its meeting on 14 January 2013 has allotted 10,320 equity shares to those grantees who had exercised their options under the company`s Employee Stock Option Scheme - 2006.

Sterlite Technologies allots equity shares Under ESOS The committee of Sterlite Technologies in its meeting on 25 October 2012 has allotted 42,010 equity shares to those grantees who had exercised their options under the company`s Employee Stock Option Scheme - 2006.

Government approves Rs 500 crore FDI in subsidiary of Sterlite Technologies Approval is for investment in Sterlite Networks, which is a 100% subsidiary as of March 2012 Sterlite Networks (SNL) is based in Dadar and Nagar Haveli. SNL is a 100% wholly owned subsidiary of Sterlite Technologies. SNL undertakes business operations in the telecom sector. It serves as an infrastructure provider, providing dark fibre, right of way, duct space, tower (IP Category 1), electronic mail and voice mail services. SNL connected 25,000 homes through networks, and also launched `FiON` brand, in FY 2011-12. During this period, it also entered into partnership with BSNL for its FTTH rollout in Chennai. On 11th September 2012, the Government of India has approved Foreign Direct Investment (FDI) of Rs 500 crore in SNL. SNL was formed in FY 2011-12 only, and Sterlite Technologies had invested Rs 5 lakh in SNL (50000 shares of Rs 10 each at par) as of March 2012. Further, Sterlite Technologies had given loans and advances of Rs 4.10 crore during FY 2011-12 to SNL, which was also outstanding as of March 2012.

Sterlite Technologies grants options Under ESOS The committee of Sterlite Technologies in its meeting on 27 July 2012 has granted 26,68,800 options exercisable into equal number of fully paid-up equity shares of the company under company`s Employees Stock Option Scheme 2010.

Sterlite Technologies allots equity shares Under ESOS The committee of Sterlite Technologies in its meeting on 26 July 2012 has allotted 99160 equity shares to those grantees who had exercised their options under the company`s Employee Stock Option Scheme - 2006.

Sterlite Technologies signs financial agreements for its grid projects Sterlite Technologies has announced that Bhopal Dhule Transmission Company and Jabalpur Transmission Company, both wholly owned subsidiaries of the company have received Rs 2,200 crore as Debt Syndication for their power transmission projects. The syndication has State Bank of India as the lead participant. The company made this announcement during the trading hours today, 19 June 2012.

Sterlite Technologies recommends final dividend Of 15% The board of Sterlite Technologies in its meeting on 26 April 2012 has recommended final dividend at the rate of 15%.

Sterlite Technologies allots equity shares Under ESOS The committee of Sterlite Technologies in its meeting on 17 April 2012 has allotted 22,822 equity shares to those grantees who had exercised their options under the company`s Employee Stock Option Scheme - 2006.

Sterlite Grid places orders for four transmission lines Sterlite Technologies has announced that the company`s wholly owned subsidiary company, Sterlite Grid has announced placement of orders for its 765 kV transmission lines with KEC and Simplex Infrastructure. The scope of these orders includes engineering, supply and construction of 765kV transmission lines terminating at Bhopal and Dhule Substations. These substations are also being developed by Sterlite Grid and were ordered earlier this year with Areva T&D, Hyundai (Korea) and BTW (China). The contract, which was signed on 17 January 2012, is part of a investment by Sterlite Grid for its project that involves establishment of four 765 kV Single Circuit transmission lines, and two 765kV substations for strengthening the Western Region. The sub--stations would be set up at Bhopal (Madhya Pradesh) and at Dhule (Maharashtra), and are part of the transmission systems strengthening project awarded to Sterlite Grid on a `Build, Own, Operate and Maintain` (BOOM) basis. The transmission lines would be commissioned within 3 years and the company would operate and maintain the same for a minimum tenure of 35 years thereafter. The company made this announcement on 18 January 2012.

Sterlite Technologies allots equity shares Under ESOS The committee of Sterlite Technologies in its meeting on 06 January 2012 has allotted 74,996 equity shares to those grantees who had exercised their options under the company`s Employee Stock Option Scheme - 2006.

Sterlite Technologies grants options Under ESOS The committee of Sterlite Technologies in its meeting on 29 December 2011 has granted 22,24,000 options exercisable into equal number of fully paid- up equity shares of the company under company`s Employees Stock Option Scheme 2006.

Hon`ble High Court approves scheme of amalgamation of Sterlite Technologies Sterlite Technologies has announced that the Hon`ble High Court of judicature at Bombay, vide its order dated 21 October 2011 has approved the scheme of amalgamation of Sterlite Infra-Tech (100% subsidiary of the company) with the company.

Sterlite Technologies allots equity shares Under ESOS The committee of Sterlite Technologies in its meeting on 15 October 2011 has allotted 1,21,016 equity shares to grantees who had exercised their options under the company`s Employee Stock Option Scheme - 2006.

Sterlite Technologies wins contract to implement a central office broadband system for BSNL Sterlite Technologies has bagged a contract from BSNL for deployment of a central office broadband system in telecom circles, pan India. The company would install and commission the system within FY13 and would manage this network for 7 years thereafter. The system, once completed, would be capable of handling about 1.6 million broadband connections. The company made this announcement during the trading hours today, 21 September 2011.

Sterlite Technologies` subsidiary secures contracts Worth Rs 500 crore Sterlite Grid, a wholly owned subsidiary of Sterlite Technologies has secured contracts through International Competitive Bidding (ICB) from Hyundai Heavy Industries Company (South Korea), Baoding Tianwei Baobian Electric Company (China) and Areva T&D India for supplies of equipment (like 765 kV transformers & shunt reactors) and Engineering, Procurement and Construction (EPC) of two 1500 MVA (765/400KV) substations. The total value of these contracts amounts to Rs 500 crore. These sub-stations would be set up at Bhopal (Madhya Pradesh) and at Dhule (Maharashtra). The company made this announcement during the trading hours today, 07 September 2011.

Sterlite Technologies secures new contracts From Power Grid Corporation of India Sterlite Technologies has received two new contracts from Power Grid Corporation of India (PGCIL) for manufacture and supply of power conductors. The first contract is for Sterlite power conductors, that would be used in the 765 KV double circuit Champa-Raipur Pooling Station Transmission Line into he Indian State of Chattisgarh. This is one of India`s first 765 KV double circuit transmission systems being developed by a public sector company, designed for high voltage power transmission. The second contract is for Sterlite power conductors, that would be used in the 400KV Kishnganj-Patna Line. This transmission system is intended to evacuate power from hydroelectric generation projects in Sikkim, to the Northern and Western regions of India. This project complements the Ministry of Power`s focus on green energy, generated from renewable natural resources. These contracts valued at about Rs 225 crore, are part of a total bank of new orders valued at about Rs 450 crore that Sterlite has received since 01 July 2011. The company made this announcement during the trading hours today, 25 August 2011.

Sterlite Technologies chosen to enhance network for promotion of higher education in India Sterlite Technologies has announced that Bharat Sanchar Nigam (BSNL) has chosen it to enhance its network for promotion of higher education in India. The scope of the project includes establishment of world-class connectivity for 120 universities across the country. This infrastructure would act as an information backbone, enabling every university in the network to function as an e-university. This platform would facilitate high bandwidth data transmission that is essential for e-learning and video-based learning. The company would connect 30 universities to this backbone during FY12, would connect the remaining 90 universities by FY14 and would manage the network for five years thereafter. Sterlite has streamlined its efforts to implement the network well within the required project schedule. This project is part of the `National Mission on Education through Information and Communication and Technology (ICT)` undertaken by the Ministry of Human Resource Development (MHRD). The company made this announcement during the trading hours today, 19 August 2011.

Sterlite Technologies allots equity shares Under ESOS The committee of Sterlite Technologies in its meeting on 01 July 2011 has allotted 1,30,134 equity shares to those grantees who had exercised their options under the company`s Employee Stock Option Scheme - 2006.

Sterlite Technologies` board approves scheme of amalgamation On 16 May 2011 The board of Sterlite Technologies in its meeting on 16 May 2011 has approved the scheme of amalgamation of Sterlite Infra-Tech, 100% subsidiary of the company with the company.

Sterlite Technologies recommends final dividend Of 25% The board of Sterlite Technologies in its meeting on 29 April 2011 has recommended final dividend at the rate of Re 0.50 per share (25%).

Sterlite Technologies to consider final dividend Board meeting on 29 April 2011 The board meeting of Sterlite Technologies will be held on 29 April 2011 to consider the audited financial results of the company for the quarter and year ending 31 March 2011, to consider the audited consolidated financial results of the company and its subsidiaries for the quarter and year ending 31 March 2011 and to recommend a final dividend, if any, for the financial year ending 31 March 2011.

Sterlite Technologies allots equity shares Under ESOS The committee of Sterlite Technologies in its meeting on 07 April 2011 has allotted 3,65,00,000 equity shares of Rs 2 each to Twin Star Overseas, Mauritius upon conversion of warrants on preferential basis. Further, the committee has allotted 56,348 equity shares to those grantees who had exercised their options under the company`s Employee Stock Option Scheme 2006.

Sterlite Technologies` subsidiary acquires two SPVs from PFC Consulting Sterlite Technologies` wholly owned subsidiary has completed the process of 100% acquisition of Jabalpur Transmission Company and Bhopal Dhule Transmission Company (special purpose vehicles) from PFC Consulting, subsidiary of Power Finance Corporation(PFC). The special purpose vehicles are created to establish transmission system for Western Region and for system strengthening common for Western Region and Northern Region, respectively.

Sterlite Technologies secures contract Sterlite Technologies has won its third contract for development of India`s transmission systems. The company`s wholly owned subsidiary has been selected to strengthen the transmission grid in the Western Region on Build, Own, Operate and Maintain (BOOM) basis. This transmission scheme involves establishment of 765 KV Single Circuit Lines; Vadodara-Dhule-Aurangabad and Indore-Bhopal-Jabalpur. The project involves a total line length of about 1,000 km and the set up of two 1500 MVA substations at Dhule and Bhopal. The project would be commissioned within 36 months and the Company would operate and maintain the transmission system for a minimum tenure of 35 years thereafter. The company made this announcement during the trading hours today, 10 February 2011.

Sterlite Technologies to develop India`s first privately owned 765kV transmission system On BOO basis Sterlite Technologies has announced that its wholly owned subsidiary has been selected to develop India`s first privately owned 765KV transmission system on `Build Own, Operate` (BOO) basis. The transmission scheme for `System Steghtening Common for Western Region and Northern Region` involves establishment of a 765KV double circuit line from Dharamjaygarh to Jabalpur and a 765KV Single circuit line from Jabalpur to Bina (250KM). The company made this announcement during the trading hours today, 27 January 2011.

Sterlite Technologies allots equity shares Under ESOS The committee of Sterlite Technologies in its meeting on 10 January 2011 has allotted 55,460 equity shares to those grantees who had exercised their options under the company`s Employee Stock Option Scheme - 2006.

Sterlite Technologies & Tongguang Communication to form a joint venture vompany in China To produce optical fibers Sterlite Technologies and Jiangsu Tongguang Communication (TGCI) have agreed to form a joint venture company, Jiangsu Sterlite & Tongguang Optical Fibers in Haimen, Jiangsu Province, China to manufacture, market and distribute optical fiber used in production of fiber optic cables.

Sterlite Technologies allots equity shares Under ESOS The committee of Sterlite Technologies in its meeting on 04 September 2010 has allotted 5,78,530 equity shares to those grantees who had exercised their options under the company's Employee Stock Option Scheme - 2006.