- Linking multiple Indian naval sites and India-administered islands, this will be India's first integrated digital defence network at this scale
Pune, India - October 16, 2018: Sterlite Tech [BSE: 532374, NSE: STRTECH], a global data network solutions company, today announced that it has been awarded the confirmed Purchase Order for designing, building and managing the Indian Navy's digital network
This Rs 3,500-crore project is a multi-year contract, which will include design, execution, operations and maintenance of the Navy Digital Network. The Company had in February 2018 announced the award of the Advanced Purchase Order (APO) for this project.
This network will give the Indian Navy digital defence supremacy at par with the best naval forces in the world. The project includes the creation of an independent high-capacity end-to-end communications network, linking multiple Indian naval sites and India-administered islands. The project will include setting-up of highly secure data centres and Big Data content delivery networks that are software-defined.
"This is the first time an integrated end-to-end digital network at such a scale is being built in India, empowering the Indian Navy to secure our borders till the farthest posts in India, " said Dr Anand Agarwal, Group CEO, Sterlite Tech. "Our technologies will enable the Indian Navy to ride new-age applications with advanced security solutions while bringing real-time situational awareness and faster decision making. It will also position our Navy for future-readiness, preparing for network virtualisation, Big Data analytics and customised enterprise applications".
"Our state-of-the-art converged network will enable the Indian Navy to detect and resolve all digital threats on the network. With this, the Indian Navy will have a secure and reliable information highway for defence and administrative operations," said KS Rao, CEO - Telecom Services Business, Sterlite Tech. "We have been ramping up our partner ecosystem and recruitment over the last few months, and are ready to begin work," he added.
Sterlite Tech has proven expertise and experience in building intrusion-proof smarter networks for the Indian defence, and has been at the forefront with India's most advanced command control centre technology.
About Sterlite Technologies:
Sterlite Technologies Ltd [BSE: 532374, NSE: STRTECH], is a global technology leader that designs, builds and manages smarter digital networks. Sterlite Tech engages with customers in more than 100 countries, with a digital web-scale offering across products, services and software. The Company has global scale manufacturing facilities in India, Italy, China and Brazil and two Software Delivery Centres in India. Sterlite Tech is home to India's only Centre of Excellence for broadband research and Centre for Smarter Networks for next generation network applications. Projects undertaken by the company include intrusion-proof smarter data network for the Armed Forces, rural broadband for BharatNet, Smart Cities' development, and establishing high-speed Fibre-to-the-Home (FTTH) networks. For more details, visit www.sterlitetech.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, 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