Sterlite Technologies rejigs organisation structure

Telecom and power cable maker Sterlite Technologies today said it has restructured its telecom business into three units to cash in on the government's Digital India initiative.
The company is already in the process to demerge its power business into a separate entity.
"Over the next five years, we foresee investments worth over Rs 4 lakh crore for the creation of Digital India infrastructure. In order to better align ourselves as the partner of choice for building this, we have reorganised ourselves keeping the customer at the core of our operations," Sterlite Technologies CEO Anand Agarwal said in a statement.

The company has created three divisions - India Public Customer Unit (CU), India Private CU and International CU.
The company estimates government-led projects are likely to witness investments worth Rs 150,000 crore between fiscal year 2017 and 2019.
India Public CU will work towards providing solution for government owned or led networks like BharatNet, Network for Spectrum, Smart City projects, etc.

The company said it has created 'India Private CU' which will work with domestic private telcom companies, cable industry players, tower companies and other private customers for their network integration and products (optical fibre/optical fibre cable) needs.
The third division, 'International CU' will focus on Sterlite's global footprint and customer engagements.

Sterlite is supplier to global telecom firm with supply footprint across 20 countries. It has manufacturing facilities in India, China, and Brazil with a total capacity of 22 million fibre kilometre (fKM).
According to company's official, it is in final stages of demerging power business and is awaiting court's approval in this regard.