Board approves capex of Rs 320 crore for expansion
Sterlite Technologies announced that the company will be making an addition of 15 million fibre km to its optical fibre cabling capacity, doubling it to 33 million fibre km. The enhanced capacity is expected to come on-line by June 2020 in a phased manner.The company's Board of Directors has approved a Rs 320 crore ($44 million) capital expenditure for this expansion, which will be financed through a mix of internal accruals and debt.
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