Rs 11,000 crore order book: This telecom manufacturing company expands its enterprise networking solution portfolio with Estelan; know more here!

The stock gave multibagger returns of over 800 per cent in 1 decade.

Sterlite Technologies Ltd (STL) a leading optical and digital solutions company, announced the expansion of its enterprise networking solutions portfolio with the launch of Estelan. Estelan, an end-to-end solution in fibre and copper cable connectivity, enables enterprises to modernise and digitise their large-scale network infrastructure.

Global enterprises will spend USD 3.4 trillion by 2026 on cloud services, cybersecurity, AI applications, robotics process automation, and Industry 4.0 to create new value sources through digital products and experiences. These digital transformation use cases require an overhaul of enterprise connectivity infrastructure to integrate power and data.

STL's Estelan solution is a tailored, high-performance, and sustainable enterprise networking solution. It is certified by leading industry bodies and offers high flexibility and scalability for a variety of industries. Estelan enables superior data transmission, upwards of 1000MHz bandwidth and 10Gbps speeds. It is also designed and developed with sustainable manufacturing practices.

This comprehensive solution enables use cases like multi-service premise connectivity, enterprise networking, Wi-Fi, surveillance, Intelligent building management and Power over Ethernet for up to 90W applications. The company has announced that it will go to market with this solution in its target regions of MEA and India.

On Tuesday, shares of Sterlite Technologies Ltd surged 0.63 per cent to Rs 160.20 per share from its previous closing of Rs 159.20. The stock traded at an intraday high of Rs 163 and an intraday low of Rs 159.25.

Order book: As of June 30, 2023, the company’s order book stood at Rs 10,938 crore which is spread across its three business units- Optical Networking, Global Services, and Digital. The company's order book now exceeds Rs 11,000, including the most recent order whereas the company's current market cap is Rs 6,350 crore.

The stock gave multibagger returns of over 800 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.