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Sterlite Technologies plans to double its optical fibre cabling capacity

Capital Market 

Board approves capex of Rs 320 crore for expansion

announced that the company will be making an addition of 15 million fibre km to its 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) for this expansion, which will be financed through a mix of internal accruals and debt.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, September 15 2018. 12:13 IST