Rs 10,290 crore order book: This multibagger power transmission cables company introduces optical connectivity portfolio for the US market; details inside!
The stock gave multibagger returns of 1,250 per cent since its stock was listed on both exchanges in April 2005.
Sterlite Technologies Limited (STL), a prominent player in optical and digital solutions, has made a strategic move to bolster its presence in the United States. The company has introduced a comprehensive Optical Connectivity portfolio designed specifically to cater to the needs of US customers in the FTTx domain. By combining its existing expertise in advanced optical fiber cables with this new range of connectivity products, STL aims to provide a robust, integrated solution that empowers its customers to build cutting-edge networks. This expansion is a testament to STL's commitment to serving its growing customer base of nearly 50 in the US region.
A Customer-Centric Approach
STL's Optical Connectivity portfolio is built on a deep understanding of the challenges faced by network operators. The products are engineered for easy installation, future-proof capabilities, and exceptional performance. With a focus on delivering reliability and efficiency, STL aims to instil confidence in its customers. The portfolio includes innovative solutions such as OptoBlaze, OptoBolt, OptoPull, OptoPod, and OptoPed, each designed to streamline network deployment and enhance overall connectivity. These products have already gained traction with US providers like Lumos Networks and Archtop Fiber, demonstrating their value proposition.
Strengthening STL's Position in the US
The introduction of the Optical Connectivity portfolio is a significant milestone for STL in the US market. With a dedicated team of 200 professionals based in South Carolina, the company is well-positioned to support its customers and drive network expansion across the country. By offering a comprehensive range of optical solutions, STL reinforces its commitment to connecting America and contributing to the advancement of digital infrastructure.
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About the Company
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 cable manufacturer in the country. The company also has a sizeable presence in overseas markets with an established presence in the global optical fibre market.
On Monday, shares of Sterlite Technologies Ltd surged 0.07 per cent to Rs 147.65 per share from its previous closing of Rs 147.55 with an intraday high of Rs 152.50 and an intraday low of Rs 147.10. The stock’s 52-week high is Rs 179 while its 52-week low is Rs 109.80.
Order book: As of March 31, 2023, the company’s order book stood at Rs 10,290 crore which is spread across its three business units- Optical Networking, Global Services, and Digital.
The stock gave multibagger returns of 1,250 per cent since its stock was listed on both exchanges in April 2005. Investors should keep an eye on this telecom stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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