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Sterlite Technologies Limited was established in July 2001 after the demerger of the telecom division of Sterlite Industries Ltd (SIL). In July 2006, STL acquired the transmission line business of SIL to foray into the power transmission cables business. STL has grown over the years to become the largest Optical Fiber and Optical Fiber Cables manufacturer in the country. The company also has sizeable presence in the overseas markets with an established presence in the global optical fiber market.
Sterlite Technologies presented its "Lakshya" Growth Roadmap for FY27-29, targeting ₹20,000 Cr revenue by FY29, a 4x increase from FY26's ~₹4750 Cr, with EBITDA projected to rise from ~13% to over 27%. The company sees strong optical demand driven by 5G, broadband expansion, and exploding AI data center growth. STL...
Crisil has upgraded Sterlite Technologies' long-term ratings for Bank Loan Facilities (Rs. 3,564 Cr) and Non-Convertible Debentures (Rs. 390 Cr) to 'Crisil AA/Stable' from 'Crisil AA-/Stable'. Concurrently, its Commercial Paper rating of 'Crisil A1+' has been reaffirmed.