Rs 9,050 Crore Order Book: This LIC Backed Optical Fiber Power Transmission Company Announced Strategic Partnership to Boost Fibre Connectivity for 1,000 Homes in Western Australia

Life Insurance Corporation of India holds a 1.17 per cent stake in this company.

Sterlite Technologies Limited (STL), a prominent player in optical and digital solutions, has announced a strategic partnership with Swoop Holdings Limited to enhance fibre connectivity for approximately 1,000 homes in Western Australia. This collaboration will see STL providing advanced optical networking solutions, reinforcing Swoop's commitment to expanding its fibre broadband network. STL's offerings, manufactured at its "Zero Waste to Landfill" certified facilities, include OptoHaul, Micro Cables, Optical Closures, and Optical Termination solutions, all designed to support robust Layer-1 optical deployments. Anthony Camilleri, Swoop's Head of Infrastructure, expressed excitement about the partnership, emphasizing the goal of delivering high-speed, ultra-reliable fibre connectivity. Rahul Puri, CEO of Optical Networking Business at STL, highlighted the project as a reinforcement of Swoop's investment in regional broadband infrastructure, ensuring access to world-class internet speeds and service quality.

Sterlite Technologies Limited, established in 2001, is a leading manufacturer of Optical Fiber and Optical Fiber Cables in India, with a significant global presence. The company operates through three main business segments: Optical Networking, Global Service Business, and Digital and Technology Solutions. The Optical Networking segment, which constitutes the majority of its revenue, focuses on designing and manufacturing optical fiber and cables. The Global Service Business, recently demerged, specialises in fiber rollout and network deployment. The company has a robust geographical footprint, with operations in over 75 countries, including significant markets in the Americas, EMEA, and India.

The company has invested in expanding its manufacturing capacity, including a new facility in the USA, and aims to be among the top three global optical fiber producers. With a focus on innovation, Sterlite Technologies holds 686 patents and operates three innovation centres. The company is also committed to sustainability, targeting net-zero debt by 2030.

As of April 09, 2025, the stock price of Sterlite Technologies Limited is Rs 74.7. The 52-Week High is Rs 148.6, and the 52-Week Low is Rs 74.7. The current price is trading near its 52-week low. The stock has delivered a 1-year return of -26.93 per cent and a 3-year return of -64.34 per cent. The major public shareholder is Chartered Finance & Leasing Limited, holding 1.05 per cent of the shares.

In the Quarterly Results of December 2024, the company reported a revenue of Rs 1,261 crore, reflecting a YoY decline of 4.61 per cent compared to Rs 1,322 crore in December 2023. The operating profit stood at Rs 128 crore, marking a 42.22 per cent increase from Rs 90 crore in the same quarter last year. The profit after tax (PAT) improved by 57.89 per cent, reducing losses to Rs 24 crore from Rs 57 crore in December 2023.

In FY24, the company posted a revenue of Rs 5,478 crore, registering a decline of 20.90 per cent compared to Rs 6,925 crore in FY23. The net profit for the year stood at a loss of Rs 51 crore, compared to a profit of Rs 141 crore in the previous financial year, reflecting a decline of 136.17 per cent.

As of December 2024, the shareholding pattern stands as follows: Promoters hold 44.17 per cent, Foreign Institutional Investors (FIIs) hold 8.71 per cent, Domestic Institutional Investors (DIIs) hold 9.42 per cent, and the Public holds 37.70 per cent. There is no significant change in shareholding compared to the previous quarter. Life Insurance Corporation of India holds a 1.17 per cent stake in this company.

The company’s current market capitalisation stands at Rs 5,203 crore, with a current stock price of Rs 74.7.

Disclaimer: The article is for informational purposes only and not investment advice.