Telecom News --

Pravin Agarwal receives Outstanding Entrepreneurship Award 2009

Pune, INDIA - December 17, 2009 - Sterlite Technologies Limited ("Sterlite") [BSE: 532374, NSE:STRTECH], a leading global provider of transmission solutions for the telecom and power industries, today announced that Pravin Agarwal, Wholetime Director, has received the 'Outstanding Entrepreneurship Award' at the Asia Pacific Entrepreneurship Awards 2009 India, organized by Enterprise Asia.

'Connecting every home on the planet' is a vision that Pravin Agarwal has for Sterlite Technologies Limited. Under his stewardship, the Company has undergone a remarkable financial turnaround, with over 600% growth in net revenues since FY 2005. Sterlite Technologies earned about US$ 0.5 Billion in net revenues in FY 2009.

"We embarked on a strategic 4-point program: Improve margins by drastic reduction in cost of production, maintain market leadership, diversify our client base into growth geographies and develop solutions in synergy with existing business lines" notes Pravin Agarwal.

Sterlite Technologies has a global client footprint that extends to over 70 countries, has undisputed market leadership for all its core products in India, has rapidly growing market shares in Europe, China, Africa and the Middle East, propelled by a network of offices in 5 continents.

Says Pravin Agarwal: "We are scaling manufacturing capacities to become global # 1 for power conductors and global # 3 for optical fibers and cables by FY12. The step-up in our market shares is a huge challenge, but I believe that we have a winning team and strategy in place."

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