Sterlite Tech bags Rs 3500 crore project from Indian Navy
The Navy's communications network has been envisioned as a smarter network infrastructure with enhanced throughput, high-quality secure services and ease of network management.
Sterlite Techologies today said it has been awarded a Rs 3500-crore advance purchase order to design, build and manage the Indian Navy's communications network. "The Rs 3500-crore system integration project will enable the Indian Navy with a digital communications network at par with the most advanced naval forces globally," the company said in a statement. This will give the Navy digital defence supremacy at par with the best naval forces globally. This is the first time that an integrated naval communications network at such a scale is being built in India, the company added.
The Navy's communications network has been envisioned as a smarter network infrastructure with enhanced throughput, high-quality secure services and ease of network management. The scope requires Sterlite Tech to design, build and manage the communications network for over a decade through its system integration capabilities, it said.
"Our recent experience of creating an intrusion-proof communication network for the Indian Army in Jammu & Kashmir will be leveraged for the Navy's communications network. We look forward to delivering this end-to-end strategic network for the Indian Navy with our unique software-to-silicon capabilities," said Anand Agarwal, CEO, Sterlite Tech.
KS Rao, COO and M D (Telecom Products & Services), Sterlite Tech, said, "It is our privilege to work for the Indian defence, and build an integrated communications network at such a scale. This will provide a secure and reliable digital highway to the Indian Navy for administrative and defence operations."
Unparalleled in scope and size, the project includes the creation of a high-capacity IP-MPLS (Internet Protocol - Multi Protocol Label Switching) network. Once completed, it will link multiple Indian naval sites and India-administered islands, the company said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
12:05 PM IST