Sterlite Technologies today said that it has received three contracts valued at Rs 296 crore from Power Grid Corporation of India (PGCIL) for supply of power transmission conductors. As per PGCIL's requirements, supplies against these contracts would commence from August 2008, a release said.

With the receipt of these new contracts, the company has opened FY09 with a total order book of Rs 1020 crore for its telecom and power businesses.

"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,” Pravin Agarwal, Director, Sterlite Technologies said.

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.