Page 3 - Sterlite Technologies

Sterlite Technologies eyes 20% biz growth in key markets in FY23

Digital networks integrator Sterlite Technologies expects about 20 per cent growth in business across key markets of the US, Europe and India in FY2023 amid global scale-up of networks and 5G build outs, its managing director Ankit Agarwal has said. With a notable drop in COVID-19 cases and easing of curbs, the company is encouraging employees to 'return to office' and has seen positive responses across offices in both India and globally. Its factories are running at 100 per cent capacity with all precautions in place, Agarwal said, adding that physical attendance at offices - currently on rotation basis - too will accelerate fully in the coming weeks with adequate safeguards. The company, which has done a string of acquisitions in the past, continues to be on lookout for small buy outs for niche capabilities and technology "because the market itself is growing and expanding", Agarwal told PTI. On the business side, the company is seeing a positive momentum as markets like the US,

Sterlite Technologies bags around Rs 170 crore deal from Power Grid

The company said it has already been supplying optical fibre cables and has developed a communication network for Power Grid Corporation of India Ltd

Sterlite Technologies unveils its 5G-from-India offering at IMC 2021

The company expects that the end-to-end nature of solutions will fundamentally alter the game for super-fast and high quality 5G deployments

Sterlite Technologies unveils 5G-from-India offering at IMC 2021

Digital networks integrator Sterlite Technologies Ltd (STL) on Friday unveiled its 5G-from-India offering at the India Mobile Congress event

Sterlite Tech Q1 profit jumps multi-fold to Rs 116 cr as Covid curbs eased

Sterlite Technologies posted a multi-fold jump in its consolidated profit at Rs 115.75 crore in the first quarter ended June 2021, helped by business gains post easing of Covid restrictions.

Sterlite Tech to acquire UK-based network integration firm Clearcomm Group

Broadband technology company Sterlite Technologies on Thursday said it will acquire Clearcomm Group, a leading Network Integration company in UK, to further globalise its system integration business

Notion that 5G is dangerous is incorrect: Sterlite Technologies CTO

Telecom providers follow extremely stringent regulations, says Badri Gomatam.

Tejas Networks gains 10% on government nod to PLI scheme for telecom sector

The PLI scheme for telecom gear will lead to an incremental production of around Rs 2.4 trillion, with exports of around Rs 2 trillion in the next five years

Sterlite Technologies to acquire Italy-based optical products firm Optotec

Sterlite Technologies (STL) on Monday said it will acquire Optotec, an optical interconnect products company based in Italy.

Sterlite Tech Q2 profit dips 63% to Rs 58 cr hurt by lower revenue

Revenue from operations slipped nearly 15 per cent to Rs 1,159.5 crore in Q2FY21 from Rs 1,359.6 crore in the year-ago period

Sterlite Tech gains 5% as Co partners with Airtel to build digital network

This modern optical network, Sterlite Technologies said, will enable Airtel to deliver world-class customer experience.

Sterlite gains on Modi's rural connectivity plans, strong order book

A buy call from CLSA acted as a key trigger

PM Modi pitches for internet connectivity in villages; Sterlite Tech up 11%

Cords Cable Industries jumped 15.5%, Birla Cables (10.15%), Paramount Communications (8.94%), and ITI (4.4%) in intra-day trade

Optical fibre manufacturers impacted by Chinese anti-dumping duty

The duties range from 7.4 per cent to 30.6 per cent

Japanese e-commerce giant Rakuten gets Indian firms on board for 5G

Rakuten is tying up with Indian companies such as Sterlite Technologies for hardware and HCL, Wipro, and Tech Mahindra for software

Sterlite Tech Q1 net profit plunges 96%, total income at Rs 885.7 crore

"Covid-19 impacted performance. Project execution significantly impacted due to lockdown. Production and delivery was hurt due to logistics challenges," STL said in a presentation

Reliance, Sterlite, TechM set to power next-gen 5G telecom networks

The move entails moving from the current hardware-dependent networks to ones that will be software-centric with hardly any dependency on the underlying hardware.

Sterlite tech says manufacturing capacities now close to pre-Covid levels

The company, which designs and deploys high-capacity converged fibre and wireless networks, said it is taking all precautions to ensure safety of workers at its sites

Delta Corp, Emami: Share buyback via open market route at seven-year high

Thus far in CY20, 20 companies have announced buyback of their shares, of which, 14 firms have proposed to buyback from open market route

Sterlite Tech jumps 7% as it secures fresh orders worth Rs 1,500 crore

In the past one year, shares of the company have dropped over 53 per cent as against around 13 per cent rise in the Nifty50 index.