Awards and Controversies
In 2002, Sterlite was the subject of a major lawsuit by Fitel USA, a subsidiary of Furukawa Electric charging Sterlite with infringement of a number of optical fiber patents including those related to manufacturing fiber with low polarization mode dispersion.
Sterlite was cited in an Indian parliamentary discussion of government purchasing irregularities. Sterlite was served a show cause cum demand notice by the Indian Customs and Excise authorities for alleged willful evasion of Custom and Excise Duties in year 2002. This matter is presently listed for hearing at the Supreme Court of India.
Sterlite Optical Technologies is the only company to be awarded the 'Top Telecom Cables Company' in India, four times in the past five years, as per the annual V&D 100 Survey and is a winner of the ‘Amity Award for Corporate Excellence’ and ‘ELCINA Award for R&D’ in 2006.
Deloitte has nominated Sterlite Optical Technologies as the 6th Fastest Growing Technology Company in India in 2006. The Company is among the winners of the 'Deloitte Technology Fast 50 India & Fast 500 Asia Pacific awards for 2005 & 2006.
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