Rs 10,516 crore order book: This multibagger telecom manufacturing company develops world’s slimmest fibre and cable technology; know more here!
The stock gave multibagger returns of over 650 per cent in 1 decade.
Sterlite Technologies Ltd [BSE: 532374; NSE: STLTECH], a leading optical and digital solutions company, announced that it has developed the world’s slimmest fibre for telecommunications - 160-micron optical fibre. commending the technology innovations which are designed in India and Made in India, Mr Ashwini Vaishnaw, Union Minister for Communications, Electronics & Information Technology & Railways, unveiled this world-leading product at STL’s booth in IMC 2023. Post unveiling the 160-micron Fibre, the Hon’ble Minister ‘spliced’ or ‘joined’ two strands of optical fibre - a highly calibrated process of perfectly connecting the core of two hair-thin optical fibres.
STL has developed a new type of fiber optic cable that is 6.4mm in diameter, which is 32 per cent smaller than traditional 250-micron fiber cables. This new cable can pack three times more capacity than traditional fiber cables, making it ideal for dense fiberization networks.
STL's 160-micron fiber cable has the potential to revolutionize the deployment of broadband networks in India. For example, in a large-scale project like Bharat net, using 160-micron fiber instead of standard 250-micron fiber could reduce deployment time by 15 per cent. Additionally, 160-micron fiber cables can be used in ducts with a smaller diameter, which can reduce the plastic footprint of broadband networks by 30 per cent.
Overall, STL's 160-micron fiber cable is a significant innovation that has the potential to accelerate the deployment of broadband networks in India and make them more sustainable.
On Monday, shares of Sterlite Technologies Ltd surged 4.1 per cent to Rs 141.30 per share from its previous closing of Rs 135.75.
Order book: As of September 30, 2023, the company’s order book stood at Rs 10,516 crore which is spread across its three business units- Optical Networking, Global Services, and Digital.
The stock gave multibagger returns of over 650 per cent in 1 decade. 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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