Rs 8,630 Crore Order Book: Power Transmission Cable Manufacturer - STL Digital drives Vedanta's digital transformation with RISE with SAP
As of September 30, 2024, the company’s order book stood at Rs 8,630 crore which is spread across its three business units- Optical Networking, Global Services and Digital.
STL Digital, a subsidiary of Sterlite Technologies Limited (STL), played a key role in Vedanta's digital transformation journey. They successfully implemented the RISE with SAP S/4HANA Cloud platform across eight of Vedanta's global companies, including Hindustan Zinc and Vedanta Aluminium. 1 This ambitious project, codenamed VRISE (Vedanta RISE), aimed to improve operational efficiency, visibility, and synergy within the natural resources giant. 2 STL Digital's work consolidated Vedanta's SAP platforms onto a single cloud solution, allowing for smoother collaboration and laying the groundwork for future digital initiatives. 2 Notably, this VRISE program transformed critical operations for over 15,000 Vedanta users in a record-breaking 6.5 months, making it one of the largest RISE with SAP deployments in the mining, metals, and oil & gas sectors.
Earlier, the company emerged as the lower bidder (L1) for a contract from Bharat Sanchar Nigam Limited (BSNL) to develop, upgrade, operate, and maintain the middle-mile network of BharatNet in Jammu & Kashmir. This Design, Build, Operate, and Maintain (DBOM) model contract is valued at Rs 1625,36,49,617.26. The project is expected to be completed within three years, followed by a ten-year maintenance period. This win underscores STL's strong position in the optical and digital solutions market and its commitment to contributing to India's 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 fibre and optical fibre 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.
Order book: As of September 30, 2024, the company’s order book stood at Rs 8,630 crore which is spread across its three business units- Optical Networking, Global Services and Digital.
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Disclaimer: The article is for informational purposes only and not investment advice.