In FY 2007-08, Sterlite’s export sales for its Power Conductors accounted for about 35% of total revenues from sale of its Power Conductor products. With these project wins, Sterlite has a fortified its market share to about 14% in Africa, with its Power Transmission Conductors products sold in 21 countries across the continent to reputed Turnkey, Utilities and Infrastructure companies such as SONELGAZ - Algeria, EEPCo - Ethiopia, KPLC – Kenya, PHCN – Nigeria and ESKOM - South Africa, to name a few.

The Company currently has a cumulative manufacturing capacity of 115,000 MT (Metric Tons), making it the largest manufacturer in India and amongst the Top 5 global manufacturers of Power Conductors. Keeping in line with the sustained demand from the global power industry, Sterlite recently announced plans to further enhance its power conductors manufacturing capacity to 160,000 MT.

Mr Pravin Agarwal, Director - Sterlite Technologies, commented, “These latest contract wins are significant endorsements of our customer’s confidence in Sterlite’s technical capabilities & product reliability. With over a decade of experience with the varying requirements of our customers in global markets, supported with state-of-the-art integrated manufacturing facilities, we believe that Sterlite is uniquely positioned to deliver significant value to all our business partners.”

Sterlite is a significant contributor to the global power sector through indigenous manufacture of a complete range of power transmission conductors at Extra High Voltages (400kV - 800kV), High Voltages (66kV – 220kV) and power distribution conductors (11kV- 33kV). The Company is a market leader in India and supplies about 27% of India’s total demand for power transmission & distribution conductors.

Source: Press release distribution via India PRwire

About Sterlite Technologies Limited

Sterlite Technologies Limited (formerly, Sterlite Optical Technologies Ltd) is India’s leading global provider of power transmission conductors, optical fibers, telecommunication cables and telecom integration & managed services. 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. is listed on the National Stock Exchange and Stock Exchanges at Mumbai and Kolkatta. The company has a world-class optical fiber manufacturing plant in Aurangabad, India, and telecom cable and power transmission conductor plants in Silvassa, Haridwar and Pune, India. For more information, please visit www.sterlitetechnologies.com

Forward-looking and cautionary statements

Certain words and statements in this release concerning Sterlite Technologies Limited and its prospects, and other statements relating to Sterlite Technologies’ expected financial position, business strategy, the future development of Sterlite Technologies’ operations and the general economy in India, are forward looking statements. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of Sterlite Technologies Limited, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding Sterlite Technologies’ present and future business strategies and the environment in which Sterlite Technologies Limited will operate in the future. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, changes in government policies or regulations of India and, in particular, changes relating to the administration of Sterlite Technologies’ industry, and changes in general economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Sterlite Technologies’ control, include, but are not limited to, those risk factors discussed in Sterlite Technologies’ various filings with the National Stock Exchange, India and the Bombay Stock Exchange, India. These filings are available at www.nseindia.com and www.bseindia.com

These tops would find use in kitchens, bathroom furniture, also in laboratories, which require extremely hygienic conditions. These tops will be available in 200 different colors and finishes.

The license agreement to manufacture the products was signed by Director of the world’s leading producers of decorative surface products company USA based Wilsonart International Co. Mr. Ranjan Dhamija and Mr. Pramod Rawat Director of Rawat Bros Furniture Pvt. Ltd.

Mr. Pramod Rawat also informed that the products will be manufactured by Rawat Brothers at their state of the art furniture manufacturing plant at Kelewadi near Pune. These tops are on display at the Rawat Bros showrooms on Tilakroad and will be on display at the Satara Road and Paud Road Showrooms in the next few weeks.

Source: Press release distribution via India PRwire

The first contract is for Sterlite’s RIBBON-LITE™ 96F ribbon fiber optic cables, which BSNL will install in about 900 city sites across the country in the rapidly growing FTTx (fiber-to-the-“x”) applications sector. The second contract is for a range of 10 to 2000-pair copper telecoms cables. These cables will also be installed at sites across India, to support the nation’s growing demand for ADSL broadband as well as basic telephony in rural and urban areas.

Sterlite is also currently in the process of fulfilling a third contract it recently received from India’s Mahanagar Telephone Nigam Ltd (MTNL). This deal is for the installation of an OSS / BSS (Operation / Business Support Systems) for the Metro Ethernet network Sterlite is installing for 200,000 broadband subscribers in Mumbai, India. The project is due to be completed during the financial year 2008-9.

K S Rao, Chief Operating Officer for Sterlite Technologies’ Telecom business, commented, “These latest contract wins are significant endorsements of BSNL & MTNL’s confidence in Sterlite’s technical capabilities & product reliability.”

"The booming FTTx and broadband ADSL technology areas are highly competitive and Sterlite’s telecom equipment, integration & managed services businesses are geared towards the available opportunities. By these latest contracts and our previous wins at both national and international levels, Sterlite is clearly demonstrating that we are a key enabler of broadband networks both in India and worldwide,” Mr Rao added.

Keeping in line with the sustained demand from the global telecom industry, Sterlite recently announced plans to triple its fiber optic cable manufacturing capacity of 6 million-fkm, from its current capacity of 2 million-fkm. This expansion is in conjunction with Sterlite’s optical fiber manufacturing expansion from 6 to 12 million-fkm. All of the Sterlite Fiber Optic products are manufactured at ISO 9001, TL 9000 & OHSAS 18001 certified facilities.

Source: Press release distribution via India PRwire

About Sterlite Technologies Limited

Sterlite Technologies Limited (formerly, Sterlite Optical Technologies Ltd) is India’s leading global provider of optical fibers, telecommunication cables, power transmission conductors, telecom integration & managed services. 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. is listed on the National Stock Exchange and Stock Exchanges at Mumbai and Kolkatta. The company has a world-class optical fiber manufacturing plant in Aurangabad, India, and telecom cable and power transmission conductor plants in Silvassa, Haridwar and Pune, India. For more information, please visit www.sterlitetechnologies.com

About Bharat Sanchar Nigam Limited

Bharat Sanchar Nigam Ltd. formed in October, 2000, is the world's seventh largest telecommunications company providing a comprehensive range of telecom services in India including: wireline, CDMA mobile, GSM mobile, Internet, broadband, carrier service, MPLS-VPN, VSAT, VoIP services, IN Services etc. Within a period of five years it has become one of the largest public sector units in India. BSNL has installed a quality telecoms network in the country and is now focusing on improving it, expanding the network, introducing new telecoms services with ICT applications in villages and winning customer confidence. Today, it has about 47.3 million lines of basic telephone capacity, 4 million with WLL capacity, 20.1 million with GSM Capacity, more than 37,382 fixed exchanges, 18,000 BTS, 287 satellite stations, 480,196 km of OFC cables, a 63,730 km microwave network connecting 602 districts, 7330 cities and towns and 550,000 villages. BSNL plans to expand its customer base from the present 47 million lines to 125 million lines by December 2007 and an infrastructure investment plan totalling $16.67 million (INR 715.1 million) over the next three years. For further information about the company, please visit www.bsnl.co.in

About Mahanagar Telephone Nigam Limited (MTNL)

MTNL was set up on 1 April, 1986 by the Government of India to upgrade the quality of telecom services, expand the telecom network, introduce new services and to raise revenue for telecom development needs of India’s key metros: Delhi, the political capital and Mumbai, the business capital of India.In the past 20 years, the company has taken rapid strides to emerge as India’s leading – and one of Asia’s largest – telecom operating companies. Besides having a strong financial base, MTNL has achieved a customer base of 5.92 million as of 31 March, 2006. The company has also been in the forefront of new technology introduction by converting 100% of its telephone exchange network into the state-of-the-art digital mode. For further information about MNTL visit www.mtnl.net.in

Certain words and statements in this release concerning Sterlite Technologies Limited and its prospects, and other statements relating to Sterlite Technologies’ expected financial position, business strategy, the future development of Sterlite Technologies’ operations and the general economy in India, are forward looking statements. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of Sterlite Technologies Limited, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding Sterlite Technologies’ present and future business strategies and the environment in which Sterlite Technologies Limited will operate in the future. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, changes in government policies or regulations of India and, in particular, changes relating to the administration of Sterlite Technologies’ industry, and changes in general economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Sterlite Technologies’ control, include, but are not limited to, those risk factors discussed in Sterlite Technologies’ various filings with the National Stock Exchange, India and the Bombay Stock Exchange, India. These filings are available at www.nseindia.com and www.bseindia.com

The Company proposes to part finance its Rs 17.30 crore plan through the net proceeds of the Issue. The plan include setting up of facility for manufacturing of a range of weighing systems, open four showrooms for display and sale of its weighing systems in Mumbai, Delhi, Chennai and Hyderabad, and purchase of additional office premises in Mumbai. The project is proposed to be funded through IPO of Rs 9.83 crores, promoters contribution of Rs 4.36 crores, internal accruals of Rs. 0.50 crore and a term loan of Rs.2.60 crores from Bank of India.

The proposed manufacturing plant will be set up at Baddi in Himachal Pradesh with technical assistance from Tanita Corporation of Japan. Avon will be able to enjoy fiscal incentives provided by the Himachal Pradesh government for setting up plant at Baddi such as exemption of payment of Central Excise duty for 10 years, 100% income tax exemption for initial 5 years and thereafter 30% for further period of 5 years, Capital investment subsidy for 6 years @15% on their investment in plant & machineries subject to a ceiling of Rs. 30 lacs, Central Sales Tax @1%, Electricity Duty exemption on captive power generated from D.G set/Hydel unit upto 31/03/2009, Price preference upto 15% for SSI. The Company has acquired land and building admeasuring 20982 sq. feet at Himuda Industrial Area, Bhatoli Kalan, Baddi, Himachal Pradesh for the proposed plant.

Avon’s total income for the year ended 31st March 2008 was Rs 52.14 crores as against Rs 40.17 crores for 2006-07 and PAT was at Rs 1.85 crores as against Rs 1.37 crores.

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About Avon Weighing Systems Ltd.

Avon is the authorised dealer and one of the distributors of Tanita and A&D products (weighing systems) in India since 1999. Tanita Corporation (Tanita) and M/s A&D Company Ltd. (A&D), both companies from Japan, are weighing scale manufacturers in their range of products. Weighing systems from both are renowned for their precision and consistency. These balances are particularly used in industries such as gems and jewellery, pharmaceuticals and chemicals, research and development laboratories, defense, etc, where precision weighing is critical.

Avon also provides consultancy to various industrial houses, on the latest weighing systems and applications and is focused on software to enhance the applications of weighing scales. Presently Avon is providing these services as a marketing tool for distributor of the products of Tanita and A&D. Avon has distributed its products to various industrial users such as Novartis India, Sudershan Chemicals Limited, Lupin group, Associated Capsules Limited, Palm pharma. Avon has provided consultancy services to various industrial users like Godrej Industries Ltd., Sudershan Chemicals, Acrow India Ltd., Cubernetik Technologies Ltd., Aprotech Engineers Ltd., Mass Engineers & Suppliers etc. for customizing the products as per their needs.

Disclaimer

Avon Weighing Systems Limited is proposing, subject to market conditions and other considerations, a public issue of the equity shares and has filed the Prospectus with Registrar of Companies (ROC), Mumbai. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Lead Manager at www.keynoteindia.net and the website of the Company at www.aws.co.in.

This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any equity shares, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision.

The Equity Shares have not been and will not be registered under the US Securities Act (“the Securities Act”) or any state securities laws in the United States and may not be issued or sold within the United States or to, or for the account or benefit of, “U.S. persons” (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Any potential investor should note that investment in equity shares involves a high degree of risk. For details, see the section titled “Risk Factors” of the Prospectus, which has been filed with the registrar of the company.

According to Dr.Diwan Rahul Nanda, Global Chairman & Managing Director, TOPSGRUP, “Shield’s acquisition in the United Kingdomwill act as a strategic gateway for our global growth plans in the comingyears. Shield with its great business ethics coupled with a strong managementteam and a loyal customer base has great synergies with TOPSGRUP. We envisage alot of cost and experience sharing benefits across both companies that willbenefit the Indian and the British customers and employees as well. This is a proudmoment not only for TOPSGRUP but for the entire Indian security industry”

Currently, TOPSGRUP is India’spreferred security solutions provider with a human capital base of 65,000employees partnering with over 6,000 customers through its pan India networkof 110 offices. TOPSGRUP through its aggressive organic and inorganic growthdrive is poised to achieve revenues in excess of Rs 1000 crores by the end of thecurrent fiscal. Very recently, TOPSGRUP also acquired a Rs 35 crore SouthIndian security company called Guardwell Detective Services Private Limited.Some of TOPSGRUP’s key partners include Tatas,Birlas, Reliance, Airtel, Oracle, HSBC, Stanchart, ICICI, Future group amongstothers

The Shield Guarding Company Ltd, one of the top 10 marketleaders in United Kingdomwas established in 1987 and has an esteemed clientele spanning from WaltDisney, Fujitsu, Nokia / Vertu, Master Foods, Broadgate Estates, Ove Arup,Halliburton KBR, Porsche amongst many others. The British firm offers specializedsecurity services in the areas of manned guarding, door supervision, CCTVpublic space surveillance, vehicle immobilization and cash in transit. Shieldcurrently partners with over 350 customers, employs over 2500 human capitalassets and operates out of four offices in the United Kingdom.

According to GerryPaxton, Executive Chairman of Shield, “thestrategic partnership of two nationally leading security brands augurs well forthe rapidly growing global security industry which is estimated to cross the US $230 billion mark by2015. Shield is known for its business values, its focus on quality of serviceand commitment to the customers and its employees and we are delighted that wehave found a perfect match in TOPSGRUP”.Shield promoted by Gerald Paxton recorded a turnover of US$ 121 million (Rs484 crores) and a profit before taxation of US$ 4.5 million (Rs 18 crores) forthe year 2007-2008. It is poised to achieve revenues in excess of US $140 million(Rs 560 crores) in 2008-2009.

TOPSGRUP, the first Indian MNC security provider offerstailor-made security solutions including manned guarding, electronic securitysystems, investigation, facility management, cash management, consultancy,advanced training and emergency response service called TOPSLINE 1252. TopsSecurity Limited, the flagship company of Topsgrup, holds the distinction ofbeing the first security firm in India to land private equityfunding in 2007. Last year, ICICI Venture invested Rs 115 crore ($28 million)for 13.69 per cent equity stake, while Indivision (the investment arm of FutureGroup) increased its existing stake in the company from 4.94 per cent to 7.08per cent with an additional investment of Rs 25 crore ($6 million) taking itstotal exposure in TOPSGRUP at Rs 57 crore. Well known stock investor RakeshJhunjhunwala also owns 10.8 per cent stake in Tops and is a director on the prestigiousboard.

Closer home, the security industry,which is being termed as the ‘sunrise industry’ in the corporate sector; isestimated to be Rs 2,500 crores, fragmented by the unorganized sector at Rs 1500crore. It is growing at a staggering compound annual growth rate (CAGR) of 25per cent, and is expected to be a dominating sector in the coming years. Thesecurity industry worldwide is currently pegged at $141 billion that includesguarding, investigation and electronic security.

Source: Press release distribution via India PRwire

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.”

Source: Press release distribution via India PRwire

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 Limited 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. For more information, please visit www.sterlitetechnologies.com

About Telecom Equipment Manufacturers’ Association of India (TEMA)

Established in 1990, Telecom Equipment Manufacturers’ Association of India (TEMA) 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. For more information, please visit www.tematelecom.net

Project Highlights

• The expansion milestones of these Fiber Optic Cables facilities has been planned to compliment the Company’s ongoing capacity expansion at its Optical Fiber facilities.
• The consolidated expansion for fiber and cable expansion is estimated to incur a Capital Expenditure of about Rs. 200 Crores (USD 50 Million).
• These facilities would be capable of manufacturing the Company’s existing range of Fiber Optic Cable Products as well as have the intrinsic capability to manufacture cable products as per evolving international telecom standards that are being introduced to cater to high bandwidth applications required by global markets.
• The Optical Fiber expansion is on track to complete by June 2009 and the Cables expansion would be fully in place by March 2009.
• Sterlite is in advanced stages of discussion with leading global manufacturing equipment and raw material suppliers to streamline its efforts towards the expansion project milestones.

Status of other capacity enhancement projects

• The new Power Transmission Conductors facility at Haridwar is fully operational and Sterlite has combined capacity of 115,000 MT. The Company has undertaken several efficiency improvement projects and machine additions to further enhance the capacity by 40% to 160,000 MT within the current year, which will take Sterlite Technologies to a Top 3 position globally.
• The Company is progressively converting its Copper Telecom Cables facilities to manufacture Structured Data Cables. Sterlite Technologies has recently finished its expansion of Structured Data Cables to 300,000 boxes annually, which puts the Company within the Top 10 global producers of these cables.

Says Dr Anand Agarwal, CEO & Director, “Over the past several business quarters we have achieved tremendous success in key high-demand markets in several geographies and have established a loyal customer base. With the strong outlook by the Telecom & Power sectors in India & the world, we believe that these capacity enhancements would give us the strategic advantage to capitalize on the available opportunities.”

Source: Press release distribution via India PRwire

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 Limited 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. For more information, please visit www.sterlitetechnologies.com

Forward-looking and cautionary statements

Certain words and statements in this release concerning Sterlite Technologies Limited and its prospects, and other statements relating to Sterlite Technologies’ expected financial position, business strategy, the future development of Sterlite Technologies’ operations and the general economy in India, are forward looking statements. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of Sterlite Technologies Limited, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding Sterlite Technologies’ present and future business strategies and the environment in which Sterlite Technologies Limited will operate in the future. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, changes in government policies or regulations of India and, in particular, changes relating to the administration of Sterlite Technologies’ industry, and changes in general economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Sterlite Technologies’ control, include, but are not limited to, those risk factors discussed in Sterlite Technologies’ various filings with the National Stock Exchange, India and the Bombay Stock Exchange, India. These filings are available at www.nseindia.com and www.bseindia.com

Business Highlights

- Manufacturing operations at full capacity at the new Power Transmission Conductors facility at Haridwar, placing Sterlite’s cumulative capacity of 115,000 MT among the Top 5 conductor manufacturers in the world.

- Optical Fiber & Fiber Optic Cables facilities are running at nearly 100% capacity and in line with the unprecedented demand indications in the global optical fiber industry. The optical fiber expansion of 4 Million-km to 6 Million-km has been commissioned during the year and the expansion to 12 Million-km is running on schedule to finish by June 2009.

- 4 patents were granted for Optical Fiber Products & Processes in USA, India and China, adding to the 9 patents granted in previous years.

- Export sales showed a strong growth by 75% to reach export revenues of Rs. 518 Crores (USD 129 Million) as compared to international sales of Rs. 296 Crores (USD 74 Million) in FY07. International Sales now account for 31% of net revenues as compared to 25% in FY07.

- At the start of FY09, the Company has 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.

- PGCIL, India’s single largest buyer of Power Transmission Conductors, has actively started its ordering processes for FY09.

- Sterlite’s Fiber Optic Cables facility received the OHSAS 18001 & TL 9000 Telecom Quality certifications.

- The Company won the Deloitte Technology Fast 500 Asia Pacific & Fast 50 India Awards 2007, IMC-RBNQA – Certificate of Merit 2007 and the Dun & Bradstreet Corporate Award 2007 for Telecom Equipment.

Dr. Anand Agarwal – Director & CEO says, “We strongly believe that Sterlite Technologies has right leadership, the right team and the right technology to make an indelible mark not only in India, but also globally. We are well on our way to achieving net revenues of USD 1 Billion by 2010.”

Fourth-Quarter Highlights

- Net Revenues reached Rs. 544 Crores (USD 136 Million), up 41% year over year.

- Net Profits reached Rs. 34 Crores (USD 9 Million), up 78% year over year.

- Power Product sales increased 22% year over year with an improved EBITDA margin of 10%.

- Sales of Telecom Products & Solutions increased 99% year over year with an improved EBITDA margin of 14%.

Full-Year Highlights

- Net Revenues increased 41% over FY07 revenue of Rs. 1,198 Crores (USD 265 Million) to Rs. 1,686 Crores

(USD 421Million).

- Net Profit was Rs. 101 Crores (USD 25 Million), a 98% increase over FY07 profits of Rs. 51 Crores.

- Earnings per share (Diluted) were Rs 15.46 as compared to Rs 7.83 for FY07.

- Power Product sales increased 34% over FY07 to Rs 1,050 Crores (USD 263 Million), with an improved EBITDA margin of 11% as compared to 8% in FY07.

- Sales of Telecom Products & Solutions increased 54% over FY07 to Rs. 635 Crores (USD 159 Million), with an improved EBITDA margin of 14% as compared to 13% in FY07.

Says Mr. Pravin Agarwal – Director, Sterlite Technologies adds, “We delivered an outstanding year with notable successes across our broad range of markets and technologies for the Telecom & Power sectors. We continue to be very bullish about the growth in the telecom and power industries and are investing in these sectors accordingly.”

Source: Press release distribution via India PRwire

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 Limited 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. For more information, please visit www.sterlitetechnologies.com

Certain words and statements in this release concerning Sterlite Technologies Limited and its prospects, and other statements relating to Sterlite Technologies’ expected financial position, business strategy, the future development of Sterlite Technologies’ operations and the general economy in India, are forward looking statements. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of Sterlite Technologies Limited, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding Sterlite Technologies’ present and future business strategies and the environment in which Sterlite Technologies Limited will operate in the future. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, changes in government policies or regulations of India and, in particular, changes relating to the administration of Sterlite Technologies’ industry, and changes in general economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Sterlite Technologies’ control, include, but are not limited to, those risk factors discussed in Sterlite Technologies’ various filings with the National Stock Exchange, India and the Bombay Stock Exchange, India. These filings are available at www.nseindia.com and www.bseindia.com

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 INR 10.2 Billion
(~ US$ 257 Million) for its telecom & power businesses.

MANAGEMENT STATEMENT

Says Pravin Agarwal – Director, Sterlite Technologies Limited, “We are delighted to start our new financial year with a dominant share of orders released by PGCIL. With our expanded capacity for Power Transmission Conductors we believe Sterlite has the capability to maintain equilibrium in supply of our products to service the growing demand from the Indian market and to grow our global market shares.”

NEW CONTRACTS RECEIVED FROM PGCIL

Sterlite was chosen as the sole manufacturer and supplier for over 8,300 km of ACSR Conductors that would be installed in the 400 kV D/C Korba-Birsinghpur-Damoh-Bhopal Transmission Lines in the Indian state of Madhya Pradesh.

Sterlite was chosen as the sole manufacturer and supplier for over 3,100 km of ACSR & AACSR Conductors that would be installed in the 400 kV D/C Gorakhpur-Lucknow Transmission Lines in the Indian state of Uttar Pradesh.

Sterlite also received a contract for about 1,450 km of ACSR Conductors that would be installed in the 400 KV D/C Vapi-Navi Mumbai, 400 KV S/C Lonikhand-Kalwa & 220 KV D/C Vapi-Khadoli Transmission Lines in the Indian state of Maharastra.

Source: Press release distribution via India PRwire

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 Limited 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.

For further information about the Company, please visit www.sterlitetechnologies.com

About Power Grid Corporation of India (PGCIL)

Power Grid Corporation of India (PGCIL), one of the largest Transmission Utilities in the world, was incorporated in October 1989 for establishment and operation of regional and national electrical power grids. About 40% (i.e. >200 BUs) of total power generated (i.e. >500 BUs) in the country is being transmitted over PGCIL’s owned transmission network. For more information about the Company, please visit www.powergridindia.com

Certain words and statements in this release concerning Sterlite Technologies Limited and its prospects, and other statements relating to Sterlite Technologies’ expected financial position, business strategy, the future development of Sterlite Technologies’ operations and the general economy in India, are forward looking statements. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of Sterlite Technologies Limited, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding Sterlite Technologies’ present and future business strategies and the environment in which Sterlite Technologies Limited will operate in the future. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, changes in government policies or regulations of India and, in particular, changes relating to the administration of Sterlite Technologies’ industry, and changes in general economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Sterlite Technologies’ control, include, but are not limited to, those risk factors discussed in Sterlite Technologies’ various filings with the National Stock Exchange, India and the Bombay Stock Exchange, India. These filings are available at www.nseindia.com and www.bseindia.com

Source: Press release distribution via India PRwire

New Ventures

The company has recently commissioned their ninth state-of-the-art Switchgear plant in SIDCUL, Haridwar, Uttrakhand for manufacturing MCB’s, MCCBs, HRC Fuses, switch boards; switch panels and fuse switches. This plant has been set up with a project cost of Rs 40 crore, and will have annual production capacity of over Rs. 200 crores, when fully operational.

IAFL has also forayed into power distribution business and setting up a new company called Indo Asian Power Distribution and Infrastructure Ltd. (IAPDIL) for the same. Apart from this, the company has also forayed into cables & wires manufacturing business with an investment of Rs 100 crore. The company is also bidding for six power distribution circles in Madhya Pradesh, Uttar Pradesh and Haryana

Financials

For the year ended March 31, 2007, IAFL’s turnover surged 44 % to Rs 224.9 crore as against Rs 155.7 crore in the previous financial year. The net profit during the period has increased to Rs 17.38 crore as against Rs 15.80 crore during the corresponding period in the previous year despite increased Interest and Depreciation cost for the newly set up Lighting and Wire Plants at Haridwar, the benefits which will accrue henceforth. EPS for the financial year 2006-07 stood at Rs. 11.86. The Exports showed a strong growth of 70%, increasing from 14.6% of sales in FY06 to 17.1% in FY07, with higher focus on Europe, Latin America and Africa.

The company is consistently developing and marketing smarter devices that manage electrical energy optimally – enabling homes, industries & the eco-system to benefit to the maximum. The company has a wide geographical market coverage including 30 offices across India, 850+ distributors, 35000+ electrical retail outlets and overseas offices in Dubai & Germany. Indo Asian has been on the approved list of most of the utilities in Middle East and Africa where it is exporting its Switchgear for the last 30 years.

The company has received the prestigious ‘The Emerging India Award 2007’ in the ‘Auto Ancillaries & Engineering’ category hosted by CNBC TV-18, ICICI Bank and CRISIL in June 2007.

PGCIL announce the charging of this transmission line at a press conference held on January 8, 2008 in New Delhi, India.

Sterlite was the sole manufacturer and supplier of over 4200 km of ACSR Bersimis Conductors that were installed in Circuit-I of the 351 km route of the Sipat-Seoni EHV Transmission Line that connects the Indian states of Chattisgarh & Madhya Pradesh.

The Sipat-Seoni Line would transmit 1500MVA power on a single circuit line. These 765 kV lines will be able to link generation projects at the pitheads with the consuming states across the country and in process, reduce transmission losses.

Says Mr Pravin Agarwal – Director, Sterlite Technologies Limited, “We are honored to partner with PGCIL for its landmark project in India. With over a decade of experience with the varying requirements of customers in global markets in the Power Sector, Sterlite is uniquely positioned to be a significant contributor to India’s vision of Power for All by Year 2012”

Sterlite is a significant contributor to the global power sector through indigenous manufacture of a complete range of power transmission conductors at Extra High Voltages (400kV - 800kV), High Voltages (66kV – 220kV) and power distribution conductors (11kV- 33kV).

Sterlite has a cumulative manufacturing capacity of 115,000 MT (Metric Tons), making it the largest manufacturer in India and amongst the Top 5 global manufacturers of Power Conductors. Sterlite currently has about 3% global market share for Power Transmission Conductors and these products have been sold in 38 countries across Africa, Middle East, Asia & Europe.

Sterlite currently supplies about 27% of India’s total demand for power transmission & distribution conductors. In H1 2007-08, the Company earned revenues or INR 6401.4 Million (US$ 160 Million) of which Sterlite's Power Transmission Business earned net revenues or INR 4079.3 Million (US$ 102 Million). Export sales for the Sterlite's Power Conductors accounted for about 28% of total revenues from sale of its Power Conductors.

Source: Press release distribution via India PRwire

About Sterlite Technologies Limited

Sterlite Technologies Limited (formerly, Sterlite Optical Technologies Ltd) is India’s only and 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.

Deloitte has nominated Sterlite as the 6th Fastest Growing Technology Company in India in 2006. The Company is among the winners of the 'Deloitte Technology Fast 50 India & Fast 500 Asia Pacific awards for 2005 - 2007.

Sterlite is the only company to be awarded the 'Top Telecom Cables Company' in India, five times in the past six years, as per the annual V&D 100 Survey and is a winner of the ‘Amity Award for Corporate Excellence’ and ‘ELCINA Award for R&D’ in 2006.

terlite Technologies Limited 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.

Sterlite was chosen as the sole manufacturer and supplier for over 5600 km of ACSR Moose Conductors that would be installed in 530 km route length of 400 kV S/C (Single Circuit) and 180 km route length of D/C (Double Circuit) transmission Lines in the Indian state of Rajasthan.

Sterlite currently supplies about 27% of India’s total demand for power transmission & distribution conductors. In H1 2007-08, the Company’s export sales for its Power Conductors accounted for about 28% of total revenues from sale of its Power Conductors.

Says Mr Pravin Agarwal – Director, Sterlite Technologies Limited, “We are honored to partner with RVPN for this project. With over a decade of experience with the varying requirements of our customers in global markets, supported with state-of-the-art integrated manufacturing facilities, we believe that Sterlite is uniquely positioned to deliver significant value to all our business partners.”

Sterlite is a significant contributor to the global power sector through indigenous manufacture of a complete range of power transmission conductors at Extra High Voltages (400kV - 800kV), High Voltages (66kV – 220kV) and power distribution conductors (11kV- 33kV).

Sterlite has a cumulative manufacturing capacity of 115,000 MT (Metric Tons), making it the largest manufacturer in India and amongst the Top 5 global manufacturers of Power Conductors. Sterlite currently has about 3% global market share for Power Transmission Conductors and these products have been sold in 38 countries across Africa, Middle East, Asia & Europe.

Source: Press release distribution via India PRwire

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 Limited 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.

Mr. Neeraj Tandon, Manager, Vakrangee Softwares Ltd. said, "Such an exercise was initiated in Mumbai after nearly a decade. In a period of 10 months, we have covered 53 assemblies till date and also some districts of Thane, Dhule, Nashik and Ahmednagar. The Voter's ID Card Scheme will help to be a key identity proof for the citizens and also prevent bogus voting from taking place. Using state-of-the-art technology, Vakrangee Softwares has provided strong back-end support for the Government officials to fulfill their responsibilities. In certain assemblies, we have set up a permanent desk at the local election commission office so that the voters can collect their ID Card at any convenient time." This last initiative was undertaken in certain suburbs such as Khar, Santacruz and Bandra amongst others.

The Vakrangee Softwares team had distributed invitation slips amongst the voters some days prior to the commencement of the programme on December 27, 2007. The eligible voters have to carry identity proof such as ration card and passport in order to get their voter ID cards. The entire procedure is supervised by the Central and State Government officials whereas Vakrangee Softwares only provides the backend technology. However, those voters, whose names were on the voters' lists, were eligible to get the Voter ID Cards. The others, whose names were not on the voters' lists, have to go through the application procedures as specified by the Election Commission in order to get their names on the voters lists. During the door-to-door campaign, the Vakrangee Softwares team had taken down the names of the new voters in the brown register to be submitted to the Election Commission.

Source: Press release distribution via India PRwire

About Vakrangee Softwares Ltd.

Vakrangee Softwares Ltd., incorporated in the year 1990, is a pioneer and an established player in e-Governance, Document and Printing Management. It is identified as one of the 100 Best Mid-Size Companies in India as per Business World (July 16, 2007 Issue); in The Economic Times ET-500 Best Companies in 2006-07; and in the list of the Top 250 Technology fast Asia Pacific Companies of 2003 & 2004 by Deloitte Touche Tohmatsu. With quality certifications such as ISO 9002, it primarily caters to e-Governance initiative related projects, Document Management and Print Management related projects of private organizations as well as election commission's projects of updating electoral rolls & voter IDs, etc. It is a pioneer in multi-lingual technology. The in-house application software, along with the largest scanning and variable data printing capacities, makes Vakrangee the leader in this industry. It has more than 1,500 plus qualified and trained personnel. It is already working with major players of the industry such as TCS/CMS, C-DAC amongst others.

For more information:
Mr. Burgess Baria, Adfactors PR 9833 23 5513

The new company, which will be managed by Dr. Nicholas Matten as Managing Director, will be staffed to provide additional support in marketing Hansgrohe’s products in India, such as product training and promoting the product to the relevant target customers. According to Dr. Matten, “the permanent presence of Hansgrohe employees in India will help further develop the market in collaboration with our partners in the market. We will be able to provide better support and create a closer link between this important market with its exceptional growth and the headquarters in Germany.”

The company is 100% owned by the German parent company, and is the latest addition to the series of wholly-owned sales and marketing companies in the main sanitary markets in the World.

Hansgrohe has been active in the Indian market since 1999 in co-operation with Jaquar & Company Ltd., a leading national manufacturer of bathroom fittings and one of the few Superbrands in India. Jaquar and Hansgrohe have been collaborating very successfully and have jointly developed a significant market position for the German company with its three brands Hansgrohe, Axor and Pharo. Several prestigious projects, such as Le Meridien Hotel, Delhi and The Leela, Gurgaon, are evidence of the results of this co-operation. This week the Company held road shows across the metros to show case their new and latest products. The featured items include the Hansgrohe economic range, the complete bathroom accessories at a price range of Rs. 18,000 to Rs. 45,000 and the large head showers – the raindance range. The rain showers vary from 7 inches to 24 inches in diameter, at a price range of Rs. 18,000 to 2,40,000.

In its soon-to-be 106-year history, Hansgrohe (www.hansgrohe.com) with official headquarters in Schiltach, the Black Forest, has acquired the reputation within the plumbing appliances industry as an innovation leader when it comes to technology and design. In 2006, the company generated sales of €569 million with its Axor, Hansgrohe, Pharo, and Pontos brands (2005: €476 million) – an increase of 20 percent over the previous year. Mr. Matten said “The Rs. 150 Crore worth Indian Sanitary Industry is expected to grow at a rate of 30-40 percent per annum”. The company continues to create new jobs both in Germany and abroad based on this success. Today the Hansgrohe Group has more than 3,200 employees worldwide, two thirds of which are in Germany. The company manufactures its products in five German plants, in France, the Netherlands, in the USA, and in China.

Source: Press release distribution via India PRwire

The Issue includes a reservation of 150,000 Equity Shares for eligible employees and a Net Issue to the Public of 2,845,000 Equity Shares. The Issue will constitute 23.17% of the fully diluted post-issue paid-up capital of the Company and the Net Issue will constitute 22.01% of the fully diluted post issue paid-up capital of the Company. The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).

The Company manufactures a wide range of transformers while focusing on quality, timely delivery and customization. It has developed its products based on its in-house design and engineering capabilities. It is perhaps one of the few players to have developed this wide range without any third party technical collaboration or assistance. Its core competencies is its in-house technical and design expertise, skilled workforce and well equipped manufacturing facilities which enables it to manufacture a wide range of transformers, to meet diverse client requirements. The objects of the proposed Issue are to part finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers and to part-finance incremental working capital requirements.

Enam Securities Private Limited is the sole Book Running Lead Manager (“BRLM”) to the Issue.

Note:

The Company is proposing, subject to market conditions and other considerations, an initial public offering (“IPO”) of its equity shares and has filed a Red Herring Prospectus (“RHP”) with the Registrar of Companies in Ahmedabad. The RHP is available on the website of the SEBI at www.sebi.gov.in, and on the website of the BRLM at www.enam.com. Investors should note that investment in Equity Shares involves a high degree of risk and for details relating to the same, see the section titled “Risk Factors” of the Red Herring Prospectus before making an investment decision. This announcement has been prepared for publication in India and may not be released in the United States. This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States, and any securities described in this announcement may not be offered or sold in the United States absent registration under the US Securities Act of 1933 or an exemption from registration.

Source: Press release distribution via India PRwire

In Abu Dhabi, KEC’s job, to be completed in 24 months, is for the Abu Dhabi Transmission & Despatch Company (TRANSCO). It is a turnkey job of 400 KV double circuit and quad circuit transmission lines of 173 kms. length connecting Fujairah substation to Sweihan substation.

In Algeria, for SONELGAZ, KEC will undertake a turnkey job of 400 KV single circuit transmission line from Cheffia to Ain Bedia and from R. Djamel to Djendouba. This project has a completion period of 15 months.

“The size of these wins underlines KEC’s status as among the largest and most sought after Transmission EPC players in the world. The win in Abu Dhabi is our single largest win, in dollar terms, ever. I am delighted with the growth in our international operations through the year thus far,” said Ramesh Chandak, Managing Director, KEC International Ltd.

In a lighter vein, Mr Chandak concluded, “This is the best Diwali gift for KEC and its stakeholders.”

Source: Press release distribution via India PRwire

About KEC International

KEC International Ltd. is a global leader in the power transmission engineering, procurement and construction (EPC) business. With global operations spanning over 15 countries, the company is present in UAE, Libya, Tunisia, Algeria, Afghanistan, Nigeria, Iraq, Kuwait, Oman, Zambia and Ethiopia among several other countries. KEC is the flagship company in the transmission sector of the Rs. 11,500 crore RPG Group.

For further information, please contact:

Kiran Bhatia:

Ph: Board +91 22 6667200 Extn: 311; Mobile +91 9892633446; e-mail: bhatiakh@kecrpg.com

Mayor Mr. Narendra Mehta inaugurated the Medical Camp in the presence of Municipal Commissioner Mr. Sudam Gaikwad, Deputy Mayor Mr Stephen Mendonza and eminent personalities, social workers and politicians including Mr. Anant Ramchandra Patil, Corporator – Rai-Morva villages, Mira Bhayender Municipal Corporation and Mr. Vijay Prabhu (Reliance Energy Ltd.). Reliance Energy Ltd. has specially organised the camp for the needy villagers of Rai-Morva villages on Uttan Road, Bhayender West, on the occasion of the golden jubilee birth anniversary of Balayogi Shri Sadanand Maharaj.

Speaking on the occasion, Mr. Vijay Prabhu, Senior Vice President – Corporate Social responsibility (CSR), Reliance Energy, said, “Building on the vision of our founder late Mr. Dhirubhai Ambani, Reliance Energy has always aimed to be a responsible corporate citizen nurturing human values and concern for society, the environment and above all, people as well as to contribute towards community development and nation building. We embarked upon our major CSR initiative for the socially deprived and economically backward villagers of the Mira-Bhayander region by enlisting the support of several like-minded people, who contributed to this noble cause. We are pleased to note that the Medical Camp evoked a phenomenal response from the villagers and our specialised team of doctors provided them with free medical treatment and care.”

Mira-Bhayander Mayor Mr. Narendra Mehta added, “On behalf of the thousands of villagers in the Mira-Bhayander region, I express my heartfelt gratitude to Reliance Energy Ltd. for taking the initiative and organising this free Medical Camp. The initiative is commendable considering that there is no proper medical infrastructure in the Bhayander-Rai-Morva belt and the villagers need medical attention and many of them can’t even afford it.”

Through the Free Medical Camp, Reliance Energy Ltd. provided free medicines and surgical dressing for the villagers, who attended it. Around 15 specialised doctors participated in the camp and conducted general check ups, including matters related to ENT, gynaecology, physiotherapy and paediatric care. In addition, specialists in the field of child care, eye care, ENT, cardiac (ECG if required), gynaecology (for ladies) and general surgery were available. The Company will help the disease-affected get medical care in the future too.

Mr. Anant Ramchandra Patil, Corporator – Rai-Morva villages, Mira Bhayender Municipal Corporation, who is coordinating the Camp, in association with the Reliance Energy Ltd. team, developed a massive outreach programme to create awareness about the Camp. Thousands of pamphlets and brochures were distributed over 3 days and this led to the phenomenal response to the Medical Camp.

Source: Press release distribution via India PRwire

About Reliance Energy Limited:

Reliance Energy, a part of Reliance - Anil Dhirubhai Ambani Group, is India's leading private sector utility Company.

Reliance Anil Dhirubhai Ambani Group currently has a market capitalisation of over Rs 2,70,000 crore, net worth in excess of Rs 40,000 crore, cash flow of Rs 9,000 crore, net profit of Rs 5,000 crore and zero net debt.

Reliance Energy is ranked amongst India’s top 25 listed private companies in terms of all major financial parameters, including assets, sales, net worth, profits and market capitalisation.

As per the report, jointly released by KPMG and FICCI, in the last one year alone, FDI approvals in food processing have doubled, and FDI in the food sector alone is poised to breach the EUR 2.1 billion market. Private Equity (PE) players too have been joining the action. According to a Venture Intelligence Report, while the food and beverage sector witnessed PE investments of a mere EUR 4.2 million in two deals last year, this year has already seen 11 deals worth EUR 106.4 million. There appears to be high scope for consolidation in a fragmented market, with most businesses promising good and sustainable returns. In fact, companies are recording higher growth rate from this sector compared to the home and personal care segment.

Today, multinational companies are betting on India as a source to feed the world. Large investors and corporations, both Indian and international, are capitalizing on the Indian agribusiness as an emerging market with twin opportunities, to cater to the growing Indian middle-class and to export premium processed food.

According to Mr. Pradeep Udhas, Head – Markets, KPMG in India, “The Indian Economy is agrarian in nature, with agriculture contributing to approximately 20% of the Country’s GDP and providing livelihood to almost 67% of the population. India is making an important mark in the global food arena - both as a large producer and exporter of agricultural products and as a very large and growing market for processed foods. The favorable policy environment and increasing interest of corporates in agriculture and agri-food business augurs well for India. Considering the growth witnessed by the sector in the last decade and further improvement in growth rate expected in the years to come, this sector presents varied opportunities for investment across the entire agri-value chain”.

The revival of the agriculture sector is expected to open up a plethora of opportunities for players having strong linkages in the agro value chain. The Food Processing Industry is expected to be one of the biggest beneficiaries of this whole process. Significant investment opportunities are yet to be tapped in the areas of SCM, cold storages, financing, retailing and exports.

The Food Processing Industry is estimated to grow at 9-12 percent in the near future. F&V processing, which is currently around 2 percent of total production is likely to increase to 10 percent by 2010, and further to 25 percent by 2025.Value-addition in food products is expected to increase from the current 8 percent to 35 percent by the end of 2025. Higher sales growth, increased earnings of the companies, rising exports of agri-processed foods and government policy 31 initiatives have set the stage for a buoyant performance by the FPI.

This jointly produced knowledge paper from KPMG and FICCI, aims at highlighting India's potential in the food processing industry. The development of stronger backward and forward linkages within the agri-food chain and the local economy will result in improved productivity and quality. While collaborative efforts to augment infrastructure (storage, cold chain, irrigation) are already being planned, companies can play a greater role in strengthening market linkages.

Highlights

• The processed food market accounts for 32 percent of the total food market. The government is targeting 4% growth for the agri-sector from 2005-20
• Food & beverage sector witnessed PE investments of a mere EUR 4.2 million in 2 deals last year, this year has already seen 11 deals worth EUR 106.4 million
• In the last one year, FDI approvals in Food Processing have doubled, and FDI in the food sector alone is poised to breach the EUR 2.1 billion market
• The total exports of the Food Processing Industry have jumped from EUR 4.7 billion in 2002-03 to EUR 13.8 billion in 2006-07
• Government subsidized food parks, tax breaks, increased FDI, proposals for public-private investment partnerships, increased spending on supply chain infrastructure, a burgeoning middle class, modern retail formats, international road shows have propelled the Industry’s growth

Source: Press release distribution via India PRwire

About KPMG:

KPMG is the global network of professional services firms of KPMG International. KPMG member firms provide audit, tax and advisory services through industry focused, talented professionals, who deliver value for the benefit to their clients and communities.

The member firms of KPMG International in India were established in September 1993. KPMG in India has offices in Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Kolkata and Pune and services over 2,000 international and national clients. The firms in India have access to Indian and expatriate professionals.

Traditional Aluminum Conductors Steel Reinforced (ACSR) conductors are limited by a maximum current carrying capacity of 838 Amperes. The material of construction of Al-59 Alloy Conductors overcomes this limitation enabling Al-59 Alloy Conductors to transfer upto 1307 Amperes of current and evacuate upto 1405 MW of power (56% higher than ACSR Conductors). Additionally, Al-59 Alloy Conductors have 9% better ‘Strength to Weight ratio’ & 8% lower sag compared with ASCR conductors which enables effective optimization of tower designs and future-proofing of the grid.

Says Mr Pravin Agarwal – Director, Sterlite Optical Technologies Ltd, “In view of the National Power Grid being created in India, we believe Al-59 Alloy Conductors would have a special significance while designing transmission line networks, as the properties of these conductors enable superior power evacuation while optimizing the cost of the entire grid. We are glad to introduce a superior technology to the Indian Industry that has been widely proven in Europe.”

Source: Press release distribution via India PRwire

Sterlite Optical Technologies Limited is India’s leading global provider of Power Transmission Conductors, Optical Fibers and Telecommunication Cables. 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.

Deloitte has nominated Sterlite Optical Technologies as the 6th Fastest Growing Technology Company in India in 2006. The Company is among the winners of the 'Deloitte Technology Fast 50 India & Fast 500 Asia Pacific Awards’ for 2005 & 2006.

Sterlite Optical Technologies is the only company to be awarded the 'Top Telecom Cables Company' in India, consistently since 2004, as per the annual V&D 100 Survey and is a winner of the ‘Amity Award for Corporate Excellence’ and ‘ELCINA Award for R&D’ in 2006.

Sterlite Optical Technologies 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 Haridwar, Silvassa & Pune, India.

For further information about the Company, please visit www.sterliteoptical.com

This facility includes the latest generation drawing and stranding machines capable of manufacturing standard and specialized power conductor products. A Properzi Rolling Mill capable of producing specialized mechanical alloys is also being installed, and this would be commissioned within September 2007.

At the start of Q2 2007-08, the company had an order book of INR 9.8 Billion (US$ 240 Million) from India and other global markets for its Power Transmission Conductor Products. Based on customer delivery requirements, over 75% of these contracts would be executed within FY 2007-08.

Says Mr Pravin Agarwal – Director, Sterlite Optical Technologies Ltd, “We have achieved yet another milestone towards our Vision to be among the Top 3 global manufacturers of Power Transmission Conductors. With our economies of scale, capability to develop products as per evolving needs of the industry and sustained demand for our products through Year 2012, we see our strategic blueprint becoming a reality.”

Sterlite is a significant contributor to the global power sector with a complete range of power transmission conductors at Extra High Voltages (400kV - 800kV), High Voltages (66kV – 220kV) and power distribution conductors (11kV- 33kV). Sterlite currently has about 3% global market share for Power Transmission Conductors and these products have been sold in 38 countries across Africa, Middle East, Asia & Europe. Sterlite currently supplies about 27% of India’s total demand for power transmission & distribution conductors.

Source: Press release distribution via India PRwire

About Sterlite Optical Technologies Ltd

Sterlite Optical Technologies Limited is India’s leading global provider of Power Transmission Conductors, Optical Fibers and Telecommunication Cables. 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.

Deloitte has nominated Sterlite Optical Technologies as the 6th Fastest Growing Technology Company in India in 2006. The Company is among the winners of the 'Deloitte Technology Fast 50 India & Fast 500 Asia Pacific Awards’ for 2005 & 2006.

Sterlite Optical Technologies is the only company to be awarded the 'Top Telecom Cables Company' in India, consistently since 2004, as per the annual V&D 100 Survey and is a winner of the ‘Amity Award for Corporate Excellence’ and ‘ELCINA Award for R&D’ in 2006.

Sterlite Optical Technologies 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 Haridwar, Silvassa & Pune, India.

For further information about the Company, please visit www.sterliteoptical.com

Based on the argument of Ministry of Petroleum and public at large that the pricing of gas should be market determined and not artificially suppressed. Reliance had appealed to the division bench to overturn the order which had in effect stalled gas projects thereby delaying nearly 50% of the Indian gas requirement and undermining energy and security.

Reliance in its argument has conveyed to the High Court that it must be allowed to negotiate with the buyers as gas cannot be stored and should not be flared in the hope that Reliance Energy would one day set up its power plant.

Reliance indicated that the sole objective of Anil Ambani owned energy utility is to procure gas by any means through media campaigns and misinformation and thereafter sell the same to end users at a much higher rate and earn huge brokerage without either setting up gas fields or putting up power plants. It is believe that Anil Ambani group has assured Government that it has most of the approvals and plans would be implemented soon. However, industry experts say that if Anil Ambani would even try in all possibility, no power plant would be ready before 2012, while the gas production from KG basin is expected to start flowing in less than a year if the interim order vacated.

Interestingly the question on the ability of private companies in power sector for setting up mega projects has been questioned as most companies including Anil Ambani group had hardly contributed to additional capacity despite India facing crunch over the last decade.

A senior petroleum ministry official also mentioned, under condition of anonymity, that power companies who are lobbying through media and other forums for subsidized gas price are adding Rs. 2.5 per unit to electricity cost at the consumer end due to their transmission losses and in-efficiency and in effect gas price at Rs. 1.7 per unit is only 2/3rd of the transmission cost. Any subsidized price for gas into a system of in-efficiency, leakages and theft by design or otherwise would amount to the Government rewarding the sector for its poor performance. Despite privatization of power distribution in Delhi and other cities the performance and losses have hardly improved.

Source: Press release distribution via India PRwire

Source: Press release distribution via India PRwire

Breakthrough Management Group India is a global leader in Performance Excellence consulting and training. We help companies increase shareholder value and maximize profits through application of robust methodologies.

Headquartered in Longmont, Colorado, US, BMG has developed a loyal clientele that today exceeds 200 active businesses in industries as diverse as biotechnology, health care, finance, telecommunications, manufacturing and energy. BMG has offices in 12 countries and has more than 100 employees worldwide.

BMG's India operations has over a decade's experience in assisting clients in assisting clients with these methodologies and practices and has built a valued client based in a wide variety of industries that include financial services, airlines, chemical, discrete manufacturing, telecommunications and textiles.

For more information you can log on to www.BMGIndia.com

Creep is the term used to describe the tendency of a material to move or to deform permanently to relieve stresses. Material deformation occurs as a result of long term exposure to levels of stress that are below the yield or ultimate strength of the material. Creep is more severe in materials that are subjected to heat for long periods and near melting point. The rate of this damage is a function of the material properties and the exposure time, exposure temperature and the applied load (stress).

The purpose of the Creep Test for Power Transmission Conductors is to compute Sag, Tensions for the overhead conductors and Conductor Lifetime for the designed sag and tension.

Says Mr Pravin Agarwal – Director, Sterlite Optical Technologies Ltd, “Overhead Power transmission Conductors account for 10% of the cost of a typical Power Transmission & Distribution network. The Creep Test results for our conductors have a significant economic impact for Power & Utility Companies, as the conductors can be used for more than the designed lifetime of the network.”

Sterlite Optical Technologies acquired the Power Transmission Business from Sterlite Industries (India) Ltd in July 2006. Sterlite is a significant contributor to the global power sector with a complete range of power transmission conductors at Extra High Voltages (400kV - 800kV), High Voltages (66kV – 220kV) and power distribution conductors (11kV- 33kV) Sterlite currently supplies about 23% of India’s total demand for power transmission & distribution conductors.

Source: Press release distribution via India PRwire

Sterlite Optical Technologies Limited is India’s leading global provider of Power Transmission Conductors, Optical Fibers and Telecommunication Cables. 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.

Deloitte has nominated Sterlite Optical Technologies as the 6th Fastest Growing Technology Company in India in 2006. The Company is among the winners of the 'Deloitte Technology Fast 50 India & Fast 500 Asia Pacific Awards’ for 2005 & 2006.

Sterlite Optical Technologies is the only company to be awarded the 'Top Telecom Cables Company' in India, four times in the past five years, as per the annual V&D 100 Survey and is a winner of the ‘Amity Award for Corporate Excellence’ and ‘ELCINA Award for R&D’ in 2006.

Sterlite Optical Technologies 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 & Pune, India, and a new upcoming state-of-the art technology plant at Uttranchal for power transmission conductors.

The Offer of Equity Shares was made through a 100% Book Building Process and had a price band of Rs. 75 to Rs. 85 per Equity Share. The IPO was open for subscription from May 7, 2007 to May10, 2007 and was subscribed 1.36 times. The Offer constitutes 10.09% of the Post-Offer paid-up capital of the Company. The Equity Shares are proposed to be listed on the National Stock Exchange of India Limited (“NSE”) and the Bombay Stock Exchange Limited (“BSE”).

The Company is certified as ISO9001, ISO14001 and OHSAS18001 compliant. It is focused on key markets in northern India with a significant presence in Rajasthan, Haryana and Delhi besides Gujarat in Western India. It has facilities for manufacture of 2.25 MTPA of cement. It manufactures OPC and PPC, with an OPC: PPC product mix of about 71:29 in fiscal 2005, 63:37 during fiscal 2006 and 51:49 for fiscal 2007. The Sirohi facility has been set up with the support of the Denmark-based F. L. Smidth and Larsen and Toubro Limited.

The Book Running Lead Manager (BRLM) to the Offer is ICICI Securities Primary Dealership Limited and the Co-Book Running Lead Manager (CBRLM) is JP Morgan India Private Limited.

Source: Press release distribution via India PRwire

Disclaimer:

Binani Cement Limited (the “Company”) proposed, subject to market conditions and other considerations, a public offer of its equity shares and filed a Red Herring Prospectus with the Registrar of Companies, West Bengal at Kolkata. The Red Herring Prospectus is available on the website of the Securities and Exchange Board of India (SEBI) at www.sebi.gov.in and on thefollowing websites of BRLM, ICICI Securities Primary Dealership Limited and CBRLM, JP Morgan India Private Limited :www.icicisecurities.com and www.jpmipl.com.

Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled “Risk Factors” of the aforementioned Red Herring Prospectus. This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any equity shares, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. The information contained herein is restricted and is not for publication or distribution in or into the United States, Australia, Canada or Japan. This press release is not an offer for sale within the United States (U.S.) of any equity shares or any other security of the Company. The securities of the Company have not been and will not be registered under the U.S. Securities Act, 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold in the United States absent registration under the U.S. Securities Act or an exemption from such registration. There will be no public offering of the securities referred to herein in the U.S.

Sterlite Optical Technologies acquired the Power Transmission Business from Sterlite Industries (India) Ltd in July 2006. For the 9-month period in FY 2006-07, export revenues from Sterlite Optical Technologies’ Power Transmission Conductors business accounted for approximately US$ 35 Million.

The Company currently has about 3% global market share for Power Transmission Conductors and these have been sold in 38 countries across Africa, Middle East, Asia & Europe to reputed Turnkey, Utilities and Infrastructure companies such as SONELGAZ - Algeria, EEPCO - Ethiopia, PHCN – Nigeria and ESKOM- South Africa, to name a few.

Says Mr Pravin Agarwal – Director, Sterlite Optical Technologies Ltd, “In order to address the growing demand from our global customer base, in FY 2006-07 we decided to undertake a Greenfield expansion for manufacture of Power Transmission Conductors at Haridwar, Uttaranchal. The project is well underway and we anticipate commercial production by June 2007.”

Sterlite’s experience with the varying requirements of customers in global markets has ensured continuous improvement and customer orientation of the Company. Sterlite is a significant contributor to the global power sector with a complete range of power transmission conductors at Extra High Voltages (400kV - 800kV), High Voltages (66kV – 220kV) and power distribution conductors (11kV- 33kV). Sterlite currently supplies about 23% of India’s total demand for power transmission & distribution conductors.

Source: Press release distribution via India PRwire

About Sterlite Optical Technologies Ltd

Sterlite Optical Technologies Limited is India’s leading global provider of Power Transmission Conductors, Optical Fibers and Telecommunication Cables. 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.

Deloitte has nominated Sterlite Optical Technologies as the 6th Fastest Growing Technology Company in India in 2006. The Company is among the winners of the 'Deloitte Technology Fast 50 India & Fast 500 Asia Pacific Awards’ for 2005 & 2006.

Sterlite Optical Technologies is the only company to be awarded the 'Top Telecom Cables Company' in India, four times in the past five years, as per the annual V&D 100 Survey and is a winner of the ‘Amity Award for Corporate Excellence’ and ‘ELCINA Award for R&D’ in 2006.

Sterlite Optical Technologies 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 & Pune, India, and a new upcoming state-of-the art technology plant at Uttranchal for power transmission conductors.

The white paper discusses the need for Program Management in general as research shows that poor Program Management could cost a company significant amounts in program recovery and opportunity costs resulting from delays. After initiating a program, it’s planning and development is extremely crucial to arrive at the predetermined outcomes. The white paper discusses at length factors integral to successful Program Management, including identifying adequate resources, identifying and documenting responsibilities, communicating with the team, establishing a procurement plan, establishing risk and reviewing plans. In the section on Program Development the paper discusses issues such as preparing for deliverables, monitoring and control, cost and risk management, change management and quality management.

The white paper identifies the different types of Program Management, the need for it and reasons for its failure. It then discusses the Program Management life cycle which consists of four stages namely Program Initiation, Program Planning, Program Development and Program Closure. The white paper then provides some pointers on better management of Technical Documentation.

The white paper on Program Management for Technical Documentation will help management ensure their plan is well developed and takes into consideration all eventualities.

Please visit the TWB website www.twb.in for a copy of the white paper on Program Management for Technic