Sterlite to invest Rs.250 crore for expansion

Mumbai, June 26 (IANS) Sterlite Technologies, a global provider of transmission solutions for telecom and power companies, Friday said it will invest Rs.250 crore for capacity enhancement in the next two years.

The company in a statement said it would double its optical fibre capacity to 12 million-km this fiscal and would take it to 20 million-km in 2011.

To meet the higher production target, Sterlite would expand the capacity of its existing facility in Aurangabad in Maharashtra and also set up a greenfield plant, the statement said.

The plant location will be decided soon, it added. link....