STL reports ~INR 900 Cr orders in FY24 from fiberisation projects in India

STL [NSE: STLTECH], a leading optical and digital solutions company, announced that it has been awarded orders worth ~INR 900 crore in FY24 to provide integrated optical solutions to the leading service providers in the country. In the process, STL, through its advanced Optical solutions and Smart Fibre Deployment services, will support service providers in bringing high-speed connectivity to Indians in more than 20 states.

With its Glass to Gigabit capability (starting from its own glass preform to optical connectivity products), STL is well-positioned to cater to the needs of the Indian telecom industry. Its solid manufacturing base in India with six plants, R&D-led products like its flagship StellarTM fibre and high-fibre count Intermittently Bonded Ribbon (IBR) cable, and fibre deployment services are powering fibre-densification for use cases like 5G, IoT and AI.

"India stands on the cusp of digital leadership, characterised by rapid technological advancements and widespread adoption" said Praveen Cherian, CEO, STL Global Services. "We are proud to contribute to this journey and are confident that through our specialised optical solutions and smart deployment services, we will enable service providers to shape the nation's digital future, driving economic prosperity."

Shares of Sterlite Technologies Limited was last trading in BSE at Rs. 123.10 as compared to the previous close of Rs. 110.80. The total number of shares traded during the day was 821445 in over 9112 trades.

The stock hit an intraday high of Rs. 124.30 and intraday low of 111.65. The net turnover during the day was Rs. 99691656.00.

Source : Equity Bulls

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