Optical fibres manufacturing company, Sterlite Technologies announced that it has bagged orders worth Rs 24 crore from incumbent operators in the Sub-Sahara African region.

As part of the contracts, Sterlite will deploy cables for connectivity backbone of these operators and the project will be executed within financial year 2008-09.

"A key aspect of our growth strategy has been a concerted focus on high-growth and developing markets. The African market has reported a Compound Annual Growth Rate (CAGR) in demand of about 10 per cent between 2004 and 2008, with the demand being prompted by new inter-city backbones deployed incumbents and alternative operators such as power utilities, oil and gas pipeline owners and highway authorities," Sterlite Technologies COO KS Rao said.

The company has recently opened its sales and marketing office at Johannesburg, South Africa.