Sterlite Tech.
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Sept 10 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES LTD- LAUNCHES PLENUM-RATED FIBER TRUNK ASSEMBLIES FOR AI DATA CENTER CONNECTIVITY
Source text: [ID:]
Further company coverage: STTE.NS
(([email protected];))
Sept 10 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES LTD- LAUNCHES PLENUM-RATED FIBER TRUNK ASSEMBLIES FOR AI DATA CENTER CONNECTIVITY
Source text: [ID:]
Further company coverage: STTE.NS
(([email protected];))
Sterlite Technologies' board approved a ₹3,000 crore programme to expand capacity at its existing manufacturing facility by about 50% by the end of FY29. Existing capacity utilisation was about 70%, and the investment was to be funded through internal accruals and/or debt. The programme matched the company's FY27-FY29 roadmap of roughly ₹1,000 crore in annual capex for capacity expansion. Sterlite reported FY26 revenue of ₹4,745 crore and an order book of ₹18,618 crore at the end of the first quarter of FY27.
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Sterlite Technologies' board approved a ₹3,000 crore programme to expand capacity at its existing manufacturing facility by about 50% by the end of FY29. Existing capacity utilisation was about 70%, and the investment was to be funded through internal accruals and/or debt. The programme matched the company's FY27-FY29 roadmap of roughly ₹1,000 crore in annual capex for capacity expansion. Sterlite reported FY26 revenue of ₹4,745 crore and an order book of ₹18,618 crore at the end of the first quarter of FY27.
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Sept 3 (Reuters) - Sterlite Technologies Ltd STTE.NS:
APPROVES CAPACITY ADDITION IN EXISTING MANUFACTURING FACILITY BY ABOUT 50%
INVESTMENT OF 30 BILLION RUPEES REQUIRED FOR CAPACITY ADDITION
Further company coverage: STTE.NS
(([email protected];))
Sept 3 (Reuters) - Sterlite Technologies Ltd STTE.NS:
APPROVES CAPACITY ADDITION IN EXISTING MANUFACTURING FACILITY BY ABOUT 50%
INVESTMENT OF 30 BILLION RUPEES REQUIRED FOR CAPACITY ADDITION
Further company coverage: STTE.NS
(([email protected];))
** Shares of India's Sterlite Technologies STTE.NS rise as much as 4.69% to 726 rupees; last up 0.7% to 729 rupees
** Stock set for fourth consecutive session of gains
** Global optical and digital solutions co signs $288 million long term supply agreement
**Co to supply optical fibre cable products from 2027 to 2029
** Stock up 607.03% YTD
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: [email protected]))
** Shares of India's Sterlite Technologies STTE.NS rise as much as 4.69% to 726 rupees; last up 0.7% to 729 rupees
** Stock set for fourth consecutive session of gains
** Global optical and digital solutions co signs $288 million long term supply agreement
**Co to supply optical fibre cable products from 2027 to 2029
** Stock up 607.03% YTD
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: [email protected]))
Sterlite Technologies signed a three-year long-term supply agreement with a leading international hyperscaler worth approximately USD 288 million. The contract covers high-density optical-fibre cable products for calendar years 2027 to 2029, with purchase orders released periodically and a possible two-year extension by mutual consent. The agreement also sets capped liabilities for demand shortfalls or supply-capacity shortages. STL’s order book stood at ₹18,618 crore in Q1 FY27, or 2.4 times FY26 revenue of ₹4,745 crore. A three-year high-density OFC agreement valued at about USD 210 million had been announced on August 5.
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Sterlite Technologies signed a three-year long-term supply agreement with a leading international hyperscaler worth approximately USD 288 million. The contract covers high-density optical-fibre cable products for calendar years 2027 to 2029, with purchase orders released periodically and a possible two-year extension by mutual consent. The agreement also sets capped liabilities for demand shortfalls or supply-capacity shortages. STL’s order book stood at ₹18,618 crore in Q1 FY27, or 2.4 times FY26 revenue of ₹4,745 crore. A three-year high-density OFC agreement valued at about USD 210 million had been announced on August 5.
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Aug 21 (Reuters) - Sterlite Technologies Ltd STTE.NS:
HIGH COURT OF ANDHRA PRADESH PARTLY ALLOWS STL WRIT PETITION ON KAKINADA SMART CITY CONTRACT
Source text: ID:nBSE4cCHY0
Further company coverage: STTE.NS
(([email protected];;))
Aug 21 (Reuters) - Sterlite Technologies Ltd STTE.NS:
HIGH COURT OF ANDHRA PRADESH PARTLY ALLOWS STL WRIT PETITION ON KAKINADA SMART CITY CONTRACT
Source text: ID:nBSE4cCHY0
Further company coverage: STTE.NS
(([email protected];;))
BEIJING, Aug 13 (Reuters) - China will continue imposing anti-dumping duties on single-mode optical fibre imports from India for another five years starting on Friday, the commerce ministry said on Thursday.
The decision follows a sunset review initiated a year ago, which concluded that terminating the anti-dumping measures could lead to the continuation or recurrence of dumping and harm to China's domestic optical fibre industry.
The tax rates will remain unchanged from previous rulings, ranging between 7.4% and 30.6% across different Indian exporters, including Sterlite Technologies STTE.NS with 7.4% rate and Aksh Optifibre AKSO.NS and Finolex Cables FNXC.NS both get 30.6%.
China first implemented anti-dumping duties on Indian single-mode optical fibre in August 2014 and extended them for five years in 2020.
(Reporting by Shi Bu and Liz Lee; Editing by Christian Schmollinger)
(([email protected];))
BEIJING, Aug 13 (Reuters) - China will continue imposing anti-dumping duties on single-mode optical fibre imports from India for another five years starting on Friday, the commerce ministry said on Thursday.
The decision follows a sunset review initiated a year ago, which concluded that terminating the anti-dumping measures could lead to the continuation or recurrence of dumping and harm to China's domestic optical fibre industry.
The tax rates will remain unchanged from previous rulings, ranging between 7.4% and 30.6% across different Indian exporters, including Sterlite Technologies STTE.NS with 7.4% rate and Aksh Optifibre AKSO.NS and Finolex Cables FNXC.NS both get 30.6%.
China first implemented anti-dumping duties on Indian single-mode optical fibre in August 2014 and extended them for five years in 2020.
(Reporting by Shi Bu and Liz Lee; Editing by Christian Schmollinger)
(([email protected];))
Aug 5 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES - RECEIVES ORDER FROM LEADING TELECOM INFRASTRUCTURE COMPANY
STERLITE TECHNOLOGIES - AGREEMENT SIZE ABOUT USD 210 MILLION
Source text: ID:nBSE4s9gBD
Further company coverage: STTE.NS
(([email protected];;))
Aug 5 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES - RECEIVES ORDER FROM LEADING TELECOM INFRASTRUCTURE COMPANY
STERLITE TECHNOLOGIES - AGREEMENT SIZE ABOUT USD 210 MILLION
Source text: ID:nBSE4s9gBD
Further company coverage: STTE.NS
(([email protected];;))
Sterlite Technologies received a multi-year order worth approximately ₹960 crore from a domestic telecom operator for the supply of optical fibre cables. The two-year supply agreement, extendable by another two years on mutual agreement, is scheduled for execution in FY28 and FY29. The award adds to an order book that stood at ₹18,618 crore at the end of the June quarter, underpinned by hyperscaler data centre demand. Revenue for the quarter was ₹1,910 crore, up 87% from a year earlier, with an EBITDA margin of 20.8%.
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Sterlite Technologies received a multi-year order worth approximately ₹960 crore from a domestic telecom operator for the supply of optical fibre cables. The two-year supply agreement, extendable by another two years on mutual agreement, is scheduled for execution in FY28 and FY29. The award adds to an order book that stood at ₹18,618 crore at the end of the June quarter, underpinned by hyperscaler data centre demand. Revenue for the quarter was ₹1,910 crore, up 87% from a year earlier, with an EBITDA margin of 20.8%.
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Sterlite Technologies reported its highest ever quarterly revenue, EBITDA, and net profit for the three months to June 2026, with revenue reaching ₹1,910 crore – an 87% jump year-on-year – and EBITDA margin expanding to 20.8%. The quarter was highlighted by a landmark product contract worth US$1.11 billion (₹10,000+ crore) from a hyperscaler to supply optical connectivity products for next-generation AI data centres, alongside multiple other hyperscaler orders worth over $100 million. The open order book swelled to a record ₹18,618 crore. The company also disclosed the completion of a ₹1,500 crore qualified institutions placement, making it net debt free, and announced a decisive win in a European patent dispute. ICRA upgraded Sterlite Technologies' long-term rating to AA with a stable outlook, while CRISIL revised its outlook to stable.
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Sterlite Technologies reported its highest ever quarterly revenue, EBITDA, and net profit for the three months to June 2026, with revenue reaching ₹1,910 crore – an 87% jump year-on-year – and EBITDA margin expanding to 20.8%. The quarter was highlighted by a landmark product contract worth US$1.11 billion (₹10,000+ crore) from a hyperscaler to supply optical connectivity products for next-generation AI data centres, alongside multiple other hyperscaler orders worth over $100 million. The open order book swelled to a record ₹18,618 crore. The company also disclosed the completion of a ₹1,500 crore qualified institutions placement, making it net debt free, and announced a decisive win in a European patent dispute. ICRA upgraded Sterlite Technologies' long-term rating to AA with a stable outlook, while CRISIL revised its outlook to stable.
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July 10 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES LTD- WINS PATENT DISPUTE IN EUROPE
STERLITE TECHNOLOGIES - EPO REVOKES FUJIKURA'S EUROPEAN PATENT EP 3796060 IN FINAL, NON-APPEALABLE RULING
Source text: ID:nBSE4CkVtk
Further company coverage: STTE.NS
(([email protected];))
July 10 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES LTD- WINS PATENT DISPUTE IN EUROPE
STERLITE TECHNOLOGIES - EPO REVOKES FUJIKURA'S EUROPEAN PATENT EP 3796060 IN FINAL, NON-APPEALABLE RULING
Source text: ID:nBSE4CkVtk
Further company coverage: STTE.NS
(([email protected];))
Sterlite Technologies said on July 3, 2026, that a UK patent litigation over its Celesta cable family had been resolved in its favour after the Technical Board of Appeal of the European Patent Office revoked Fujikura's patent EP3796060 in its entirety. The non-appealable decision effectively ends the infringement proceedings that the company had disclosed in December 2025. The company added that it is now pursuing recovery of its legal defence costs from Fujikura.
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Sterlite Technologies said on July 3, 2026, that a UK patent litigation over its Celesta cable family had been resolved in its favour after the Technical Board of Appeal of the European Patent Office revoked Fujikura's patent EP3796060 in its entirety. The non-appealable decision effectively ends the infringement proceedings that the company had disclosed in December 2025. The company added that it is now pursuing recovery of its legal defence costs from Fujikura.
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July 3 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES - FUJIKURA PATENT REVOKED BY TECHNICAL BOARD OF APPEAL, GERMANY
STERLITE TECHNOLOGIES - UK PATENT LITIGATION ON CELESTA CABLE FAMILY FORMALLY ENDED
Source text: ID:nBSE3fnJmS
Further company coverage: STTE.NS
(([email protected];))
July 3 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES - FUJIKURA PATENT REVOKED BY TECHNICAL BOARD OF APPEAL, GERMANY
STERLITE TECHNOLOGIES - UK PATENT LITIGATION ON CELESTA CABLE FAMILY FORMALLY ENDED
Source text: ID:nBSE3fnJmS
Further company coverage: STTE.NS
(([email protected];))
July 2 (Reuters) - Sterlite Technologies Ltd STTE.NS:
RAISES 15 BILLION RUPEES VIA QUALIFIED INSTITUTIONS PLACEMENT
Source text: ID:nBSE4dy2hM
Further company coverage: STTE.NS
(([email protected];))
July 2 (Reuters) - Sterlite Technologies Ltd STTE.NS:
RAISES 15 BILLION RUPEES VIA QUALIFIED INSTITUTIONS PLACEMENT
Source text: ID:nBSE4dy2hM
Further company coverage: STTE.NS
(([email protected];))
May 13 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES -COURT DISMISSES PETITION TO SET ASIDE AWARD AGAINST BHARAT SANCHAR NIGAM LIMITED
Source text: ID:nBSE1nDT41
Further company coverage: STTE.NS
(([email protected];))
May 13 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES -COURT DISMISSES PETITION TO SET ASIDE AWARD AGAINST BHARAT SANCHAR NIGAM LIMITED
Source text: ID:nBSE1nDT41
Further company coverage: STTE.NS
(([email protected];))
May 8 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STL TO INVEST UP TO $100 MILLION IN THE US TO STRENGTHEN ITS MANUFACTURING CAPACITY FOR ITS CUSTOMERS
STERLITE TECHNOLOGIES LTD - STL INVESTMENT EXPECTED TO CREATE 400-500 JOBS IN THE US
Source text: ID:nPn45R7zGa
Further company coverage: STTE.NS
(([email protected];))
May 8 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STL TO INVEST UP TO $100 MILLION IN THE US TO STRENGTHEN ITS MANUFACTURING CAPACITY FOR ITS CUSTOMERS
STERLITE TECHNOLOGIES LTD - STL INVESTMENT EXPECTED TO CREATE 400-500 JOBS IN THE US
Source text: ID:nPn45R7zGa
Further company coverage: STTE.NS
(([email protected];))
April 29 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES LTD - RE-APPOINTMENTS ANKIT AGARWAL AS MANAGING DIRECTOR
Source text: ID:nBSE47rt86
Further company coverage: STTE.NS
(([email protected];))
April 29 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES LTD - RE-APPOINTMENTS ANKIT AGARWAL AS MANAGING DIRECTOR
Source text: ID:nBSE47rt86
Further company coverage: STTE.NS
(([email protected];))
April 21 (Reuters) - Sterlite Technologies Ltd STTE.NS:
TO CONSIDER FUND RAISING
Source text: ID:nBSE5fn0sH
Further company coverage: STTE.NS
(([email protected];;))
April 21 (Reuters) - Sterlite Technologies Ltd STTE.NS:
TO CONSIDER FUND RAISING
Source text: ID:nBSE5fn0sH
Further company coverage: STTE.NS
(([email protected];;))
** India's Sterlite Technologies STTE.NS slides 10% to 141.74 rupees
** Set for biggest single-day pct drop in about four years
** About 2.75 million shares, representing 0.56% stake in the company, change hands in three large deals, per data compiled by LSEG
** Shares traded between 141.74 rupees and 142.36 rupees apiece, a discount of about 10% to Tuesday's closing price
** Stock rose 18.8% in last two sessions
** It had jumped 78% in 12 sessions after reporting results on January 23
** More than 22.4 million shares of STTE traded on the day, around 3.4x the 30-day average daily volume
** YTD, stock up 37.3%
(Reporting by Vivek Kumar M)
(([email protected];))
** India's Sterlite Technologies STTE.NS slides 10% to 141.74 rupees
** Set for biggest single-day pct drop in about four years
** About 2.75 million shares, representing 0.56% stake in the company, change hands in three large deals, per data compiled by LSEG
** Shares traded between 141.74 rupees and 142.36 rupees apiece, a discount of about 10% to Tuesday's closing price
** Stock rose 18.8% in last two sessions
** It had jumped 78% in 12 sessions after reporting results on January 23
** More than 22.4 million shares of STTE traded on the day, around 3.4x the 30-day average daily volume
** YTD, stock up 37.3%
(Reporting by Vivek Kumar M)
(([email protected];))
Feb 4 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES LTD - PROPOSAL TO RAISE FUNDS VIA EQUITY SHARES/SECURITIES
Source text: ID:nBSE5dtYbj
Further company coverage: STTE.NS
(([email protected];))
Feb 4 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES LTD - PROPOSAL TO RAISE FUNDS VIA EQUITY SHARES/SECURITIES
Source text: ID:nBSE5dtYbj
Further company coverage: STTE.NS
(([email protected];))
Jan 23 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES DEC-QUARTER CONSOL NET LOSS 170 MILLION RUPEES
STERLITE TECHNOLOGIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 12.57 BILLION RUPEES
Source text: [ID:]
Further company coverage: STTE.NS
(([email protected];))
Jan 23 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES DEC-QUARTER CONSOL NET LOSS 170 MILLION RUPEES
STERLITE TECHNOLOGIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 12.57 BILLION RUPEES
Source text: [ID:]
Further company coverage: STTE.NS
(([email protected];))
** Sterlite Technologies STTE.NS shares rise 3.7% to 111.3 rupees, their biggest intraday-pct gain in over three weeks
** Telecom products maker's unit launches optical fiber with 11.7 mm diameter for data center operators, hyperscalers, telecom firms in United States
** Co says compact design helps maximize fiber count in limited duct space, reducing need for infrastructure expansion
** Stock up 39% YTD
(Reporting by Aleef Jahan in Bengaluru)
** Sterlite Technologies STTE.NS shares rise 3.7% to 111.3 rupees, their biggest intraday-pct gain in over three weeks
** Telecom products maker's unit launches optical fiber with 11.7 mm diameter for data center operators, hyperscalers, telecom firms in United States
** Co says compact design helps maximize fiber count in limited duct space, reducing need for infrastructure expansion
** Stock up 39% YTD
(Reporting by Aleef Jahan in Bengaluru)
** Sterlite Technologies STTE.NS falls as much as 7.6% to 106 rupees, lowest since mid July
** U.S. court orders co's subsidiary STI to pay $96.5 mln in damages to Prysmian Cables under litigation accusing STI, Sterlite's employee of disclosing confidential information for STI's competitive advantage
** Unit denies allegations
** Sterlite says financial implications will be assessed after final resolution
** Adds STI will "vigorously pursue" all available post-trial remedies, including appeal
** STTE last down 5.7%, trimming YTD gains to ~35%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Sterlite Technologies STTE.NS falls as much as 7.6% to 106 rupees, lowest since mid July
** U.S. court orders co's subsidiary STI to pay $96.5 mln in damages to Prysmian Cables under litigation accusing STI, Sterlite's employee of disclosing confidential information for STI's competitive advantage
** Unit denies allegations
** Sterlite says financial implications will be assessed after final resolution
** Adds STI will "vigorously pursue" all available post-trial remedies, including appeal
** STTE last down 5.7%, trimming YTD gains to ~35%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of Sterlite Technologies STTE.NS rise as much as 8.3% to 127.9 rupees, highest since February 1, 2023
** Optical and digital solutions co posts a profit of 100 million rupees ($1.16 million) in June-qtr consol net profit, compared to loss of 480 mln rupees a year ago
** Revenue from operations rise 16.8 y/y
** Stock rated "buy" on avg; median PT is 150 rupees, per data compiled by LSEG
** Stock down 31% YTD
($1 = 86.5040 Indian rupees)
(Reporting by Rudra Pratap Singh in Bengaluru)
** Shares of Sterlite Technologies STTE.NS rise as much as 8.3% to 127.9 rupees, highest since February 1, 2023
** Optical and digital solutions co posts a profit of 100 million rupees ($1.16 million) in June-qtr consol net profit, compared to loss of 480 mln rupees a year ago
** Revenue from operations rise 16.8 y/y
** Stock rated "buy" on avg; median PT is 150 rupees, per data compiled by LSEG
** Stock down 31% YTD
($1 = 86.5040 Indian rupees)
(Reporting by Rudra Pratap Singh in Bengaluru)
** India's Sterlite Technologies STTE.NS extends gains to jump 13.5%, taking its two-day gain to 35%
** Stock set for best ever two-day gain
** STTE surged 19% on Monday after launching a generation of data centre solutions that includes high-performance fibre and copper cabling solutions designed for buildings, campuses and data centres
** More than 145 mln shares traded in stock's busiest session on record
** Stock extends YTD gains to 40%
(Reporting by Kashish Tandon in Bengaluru)
** India's Sterlite Technologies STTE.NS extends gains to jump 13.5%, taking its two-day gain to 35%
** Stock set for best ever two-day gain
** STTE surged 19% on Monday after launching a generation of data centre solutions that includes high-performance fibre and copper cabling solutions designed for buildings, campuses and data centres
** More than 145 mln shares traded in stock's busiest session on record
** Stock extends YTD gains to 40%
(Reporting by Kashish Tandon in Bengaluru)
Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES LTD- EXPANDS DATA CENTRE PORTFOLIO
Source text: ID:nnAZN3Z97Y6
Further company coverage: STTE.NS
Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES LTD- EXPANDS DATA CENTRE PORTFOLIO
Source text: ID:nnAZN3Z97Y6
Further company coverage: STTE.NS
** Shares of Sterlite Technologies STTE.NS zoom ~13% to 86.6 rupees, highest since May 2022
** Stock sees best day in 3 years, busiest since July 2024
** A consortium comprising the co and construction firm Dilip Buildcon DIBL.NS win 26.31 billion-rupee ($308 million) order from BSNL BSNL.NS
** Project to construct, install and maintain telecom network in Jammu & Kashmir and Ladakh circles for a decade - Sterlite
** DIBL up 1.6% on the day
** STTE's trading volumes at more than 11.8 mln shares, 12.6x 30-day moving avg
** Stock rated "buy" on avg; median PT is 105 rupees, per data compiled by LSEG
** Stock up ~8% YTD
($1 = 85.4325 Indian rupees)
(Reporting by Rudra Pratap Singh in Bengaluru)
** Shares of Sterlite Technologies STTE.NS zoom ~13% to 86.6 rupees, highest since May 2022
** Stock sees best day in 3 years, busiest since July 2024
** A consortium comprising the co and construction firm Dilip Buildcon DIBL.NS win 26.31 billion-rupee ($308 million) order from BSNL BSNL.NS
** Project to construct, install and maintain telecom network in Jammu & Kashmir and Ladakh circles for a decade - Sterlite
** DIBL up 1.6% on the day
** STTE's trading volumes at more than 11.8 mln shares, 12.6x 30-day moving avg
** Stock rated "buy" on avg; median PT is 105 rupees, per data compiled by LSEG
** Stock up ~8% YTD
($1 = 85.4325 Indian rupees)
(Reporting by Rudra Pratap Singh in Bengaluru)
June 11 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES LTD - ENTERS AGREEMENT WITH BSNL FOR NETWORK PROJECT
STERLITE TECHNOLOGIES LTD - PROJECT VALUED AT 26.31 BILLION RUPEES INCLUDING GST
Source text: ID:nBSEqD1ng
Further company coverage: STTE.NS
(([email protected];;))
June 11 (Reuters) - Sterlite Technologies Ltd STTE.NS:
STERLITE TECHNOLOGIES LTD - ENTERS AGREEMENT WITH BSNL FOR NETWORK PROJECT
STERLITE TECHNOLOGIES LTD - PROJECT VALUED AT 26.31 BILLION RUPEES INCLUDING GST
Source text: ID:nBSEqD1ng
Further company coverage: STTE.NS
(([email protected];;))
** Sterlite Technologies STTE.NS rises 4.2% to 84.32 rupees
** Telecom equipments and accessories maker completes demerger of its global services business
** New demerged entity to be named STL Networks with the brand name "Invenia"
** STTE down ~26% YTD
(Reporting by Vijay Malkar)
(([email protected];))
** Sterlite Technologies STTE.NS rises 4.2% to 84.32 rupees
** Telecom equipments and accessories maker completes demerger of its global services business
** New demerged entity to be named STL Networks with the brand name "Invenia"
** STTE down ~26% YTD
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of India's Sterlite Technologies STTE.NS up 3.6% at 83.68 rupees, snap three sessions of losses
** Co on Wednesday said it will supply optical cables and solutions for Belgium-based Wyre for development of multigigabit fibre-to-the-home (FTTH) network expansion
** Sterlite did not disclose the value of the order
** STTE shares down 27% YTD
(Reporting by Sethuraman NR)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
** Shares of India's Sterlite Technologies STTE.NS up 3.6% at 83.68 rupees, snap three sessions of losses
** Co on Wednesday said it will supply optical cables and solutions for Belgium-based Wyre for development of multigigabit fibre-to-the-home (FTTH) network expansion
** Sterlite did not disclose the value of the order
** STTE shares down 27% YTD
(Reporting by Sethuraman NR)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
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What does Sterlite Tech. do?
Sterlite Technologies, formerly known as Sterlite Optical Technologies, is a leading manufacturer of telecommunication cables and digital network integrator catering to sectors like telecom, defense, oil and gas, railway, power, and broadband.
Who are the competitors of Sterlite Tech.?
Sterlite Tech. major competitors are Railtel Corp. India, Tata Teleservice(Mah, Advait Energy Trans., Mahanagar Telephone, Reliance Communs., Aksh Optifibre, Vodafone Idea. Market Cap of Sterlite Tech. is ₹42,058 Crs. While the median market cap of its peers are ₹2,181 Crs.
Is Sterlite Tech. financially stable compared to its competitors?
Sterlite Tech. seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Sterlite Tech. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Sterlite Tech. latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Sterlite Tech. allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Sterlite Tech. balance sheet?
Balance sheet of Sterlite Tech. is strong. But short term working capital might become an issue for this company.
Is the profitablity of Sterlite Tech. improving?
Yes, profit is increasing. The profit of Sterlite Tech. is ₹243 Crs for TTM, ₹56 Crs for Mar 2026 and -₹123 Crs for Mar 2025.
Is the debt of Sterlite Tech. increasing or decreasing?
Yes, The net debt of Sterlite Tech. is increasing. Latest net debt of Sterlite Tech. is ₹1,181 Crs as of Mar-26. This is greater than Mar-25 when it was ₹882 Crs.
Is Sterlite Tech. stock expensive?
Yes, Sterlite Tech. is expensive. Latest PE of Sterlite Tech. is 174, while 3 year average PE is 63.95. Also latest EV/EBITDA of Sterlite Tech. is 52.93 while 3yr average is 18.72.
Has the share price of Sterlite Tech. grown faster than its competition?
Sterlite Tech. has given better returns compared to its competitors. Sterlite Tech. has grown at ~24.39% over the last 5yrs while peers have grown at a median rate of 4.82%
Is the promoter bullish about Sterlite Tech.?
Promoters stake seems to have decreased but it might be to fund expansion. Latest quarter promoter holding in Sterlite Tech. is 42.29% and last quarter promoter holding is 44.44%
Are mutual funds buying/selling Sterlite Tech.?
The mutual fund holding of Sterlite Tech. is increasing. The current mutual fund holding in Sterlite Tech. is 11.33% while previous quarter holding is 7.41%.