(First from left) Prasad Kasture, Lead - Manufacturing Excellence and Anil Bhadauria, Head - Operations (second from right) from Sterlite Technologies'optical fibre business receiving the awards
Pune, India – December 16, 2016: Sterlite Tech [BSE: 532374, NSE: STRTECH], a telecom major, known to design, build and manage smarter data networks, bagged two Frost & Sullivan India Manufacturing Excellence Awards (IMEA) 2016 for its fully integrated optical fibre (OF) manufacturing units at Waluj and Shendra, Aurangabad.
The awards were recently announced by F&S in a glittering ceremony at Mumbai. Sterlite Tech's OF Waluj facility won the ‘Gold Award - Process Sector, Large Business'and it's OF Shendra facility won ‘Gold Certificate of Merit'. With this, the Waluj Unit has become India's first to win the recognition in the Process Sector for OF.
Additionally, Sterlite Tech's Lean Six Project on "Reduction of scrap due to bubble defect" was also recognised as Second Runner-Up in ‘Process Innovation'category under F&S Project Evaluation & Recognition program (PERP) 2016. This project was appreciated for the methodology used and systematic approach towards problem-solving.
Highlighting the recognition, KS Rao, Managing Director & COO, Sterlite Technologies, said, "The double recognitions this year are a testimony of our commitment to excellence in optical communication products. These awards are strong endorsements for our high-quality manufacturing, R&D capabilities and innovative smarter network solutions that are enabling broadband infrastructure creation for the global telecom industry."
Frost & Sullivan IMEA 2016 expert teams assessed the units'consonance of strategic goals towards business growth, their derivative organisational objectives towards enhanced competitiveness and the facility's operational performance towards manufacturing effectiveness.
About Sterlite Technologies:
Sterlite Technologies Limited designs, builds and manages smarter data networks for telecoms globally. Sterlite Tech is a pure-play telecom focused business that develops & delivers optical communication products, network & system integration services and software solutions. Sterlite Tech is among the leaders in all its business areas and has operations on a global scale with manufacturing presence in India, China and Brazil. Sterlite Tech aims to transform everyday living by delivering smarter networks. Sterlite Tech is India's only fully integrated provider of optical fibre preforms, optical fibres and cables. With a strong portfolio of over 125 patents, Sterlite Tech is home to India's only Centre of Excellence for broadband research. Projects undertaken by the company include intrusion-proof secure network for the Armed Forces, rural broadband for BharatNet, Smart Cities'development, and establishing high-speed Fibre-to-the-Home (FTTH) networks.
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, 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.