Sterlite-CTC enter into strategic relationship
Pune : Sterlite Technologies Limited, a leading global provider of transmission solutions for power and telecom industries, and CTC Cable Corporation, a subsidiary of Composite Technology Corporation (CTC), have announced a strategic relationship wherein Sterlite would manufacture specialty ACCC power conductors for the Indian market, using CTC?s patented ACCC conductor technology.
?Sterlite actively explores the latest technologies to make it easier, faster and more cost-effective for utility companies to build power infrastructures?, said Rajendra Mishra, COO (Power) of Sterlite Technologies.
?India needs to rapidly increase current carrying capacity on its grid, to keep pace with its economic development. ACCC conductors would offer India a unique ability to increase the current carrying capacity of existing lines and to significantly improve the overall economics on new lines.?
?Sterlite has an excellent team with great technical capabilities and its aggressive plans for high performance conductors like ACCC in the Indian market match our own. India is an important market for CTC and we are very pleased to have Sterlite as our strategic partner,? adds Stewart Ramsay, President of CTC Cable.
Sterlite is amongst the largest global manufacturers of optical fibers and is the largest manufacturer of power conductors, globally while CTC develops, produces and markets innovative energy efficient products for the electrical utility industry.
CTC?s products incorporate advanced composite materials and innovative design solutions that provide solutions to efficiently modernize electrical grid systems. CTC?s principal subsidiary is CTC Cable Corporation.
