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Latest news about Sterlite Technologies

Sterlite Technologies Reports Q2 FY26 Results: Revenue Growth Amid US Tariff Challenges 2 days ago

Sterlite Technologies Limited (STL) reported Q2 FY26 revenue of Rs 1,034.00 crores and EBITDA of Rs 141.00 crores, with a 13.60% margin. US tariffs impacted margins by 300 basis points. The company secured Rs 1,340.00 crores in new orders, bringing the total order book to Rs 5,188.00 crores. Revenue distribution for H1 FY26: Europe 42%, North America 33%, Rest of World 25%. STL introduced innovative products like Multiverse fiber and Celesta IBR Cable. Despite short-term challenges, the company remains optimistic about long-term prospects in digital infrastructure growth.

ICRA Reaffirms Sterlite Technologies' Credit Ratings for Rs 4,975 Crore Facilities 8 days ago

Sterlite Tech Reports Q2 Profit, Reverses Previous Year Loss Amid Revenue Decline Nov 06, 2025

Sterlite Technologies Partners with Qnu Labs for Quantum Communications Research Oct 09, 2025

STL Expands Partnership with UK's Netomnia for Full-Fibre Network Rollout Sep 25, 2025

More news about Sterlite Technologies

24Sept 25

STL Unveils Advanced Multi-Core Fiber Indoor Cable at Connected Britain 2025

Sterlite Technologies Limited (STL) showcased its Unitube Single Jacket Indoor Fibre Optic Cable with 4-core Multi-Core Fiber (MCF) technology at Connected Britain 2025. The cable packs four cores into the same cladding diameter as standard single-mode fiber, increasing data transmission capacity without expanding physical footprint. Certified under CPR EuroClass Cca-s2, d1, a1 for fire resistance, it's suitable for data centers and commercial buildings. The cable offers enhanced security with Quantum Key Distribution support, future-ready bandwidth, compact efficiency, and high ROI. STL is among the first to demonstrate real-world MCF deployments across underground and duct networks.

04Sept 25

Sterlite Tech Unveils Ultra-Thin 864F IBR Cable for U.S. Hyperscalers

Sterlite Technologies Limited (STL) has introduced the world's slimmest Intermittent Bonded Ribbon (IBR) cable, designed for U.S. hyperscalers. The Celesta IBR Cable, developed by STL's U.S. subsidiary, packs 864 fibers into an 11.70 mm diameter cable. It offers record-breaking jetting performance of 4,700 feet in under 20 minutes and uses STL's bend-insensitive HD G.657.A2 200-micron fiber. The cable meets ICEA 122-744 standards and is GR 20 compliant. STL's IBR cable portfolio now ranges from 12F to 6912F, with over 10 million fiber kilometers delivered globally in the past five years.

01Sept 25

Sterlite Tech Shares Plunge 7% on $96.5 Million US Jury Penalty

Sterlite Technologies' US subsidiary has been ordered to pay $96.5 million in damages to Italian competitor Prysmian for misusing trade secrets. The penalty, representing 15.50% of Sterlite's market cap, led to a 7% drop in the company's stock. Sterlite plans to appeal the decision. The case involves a former Prysmian executive allegedly sharing confidential information with Sterlite.

29Aug 25

Sterlite Technologies' US Subsidiary Hit with $96.5 Million Jury Decision in Prysmian Case

Sterlite Technologies Inc. (STI), a US subsidiary of Sterlite Technologies Limited (STL), has been ordered to pay $96.5 million in a lawsuit filed by Prysmian Cables and Systems USA, LLC. The case, heard in the U.S. District Court, District of South Carolina, involved allegations of violating non-compete and confidentiality agreements. STI plans to appeal the decision, maintaining that the judgment is not supported by the evidence presented during the trial. The parent company, STL, is not directly involved in the lawsuit but may face potential financial implications depending on the case's final resolution.

12Aug 25

STL Bolsters Leadership Team in US and Europe to Drive Growth and Innovation

Sterlite Technologies Limited (STL) has appointed three senior executives to strengthen its leadership in the US and Europe. Jimi Barker joins as Chief Business Officer for Data Centres, Tom Boswell as Head of Presales for Europe/UK Optical Connectivity Business, and Amir Sekhawat as Business Head of Copper Business. These strategic appointments aim to accelerate STL's growth and innovation in key markets, leveraging the company's end-to-end capabilities in the fibre value chain.

31Jul 25

Sterlite Technologies Reports Strong Q1 FY26 Results with 17% Revenue Growth and Improved Margins

Sterlite Technologies Limited (STL) reported robust Q1 FY26 results with revenue at Rs. 1,019.00 crores, up 17% year-on-year. EBITDA improved to Rs. 140.00 crores with margins expanding to 13.70%. The company achieved a PAT of Rs. 10.00 crores, compared to a loss in Q1 FY25. Order intake surged nearly 3x to Rs. 1,529.00 crores, with an open order book of Rs. 4,888.00 crores. STL's optical networking business performed well, and the company secured significant wins across key markets. The digital business showed promising growth, adding new clients and signing multi-year contracts. Management expressed optimism about future growth, focusing on expanding market share and scaling the data center business.

30Jul 25

Sterlite Technologies Targets 18-20% EBITDA Margin by FY26 Through Higher Capacity Utilization

Sterlite Technologies Ltd (STL) targets increasing its EBITDA margin from 13-14% to 18-20% by FY26 through higher factory utilization. The company plans to raise factory utilization from 45-50% to over 70% by Q3 or Q4. STL is focusing on enhancing its connectivity solutions business and sees growth potential in data centers. The company aims to reduce its net debt-to-EBITDA ratio to two times by year-end and is exploring partnerships with Starlink. STL's shares traded 0.84% higher at Rs 127.95 following the announcement.

28Jul 25

Sterlite Tech Anticipates Improved Margins and Debt Reduction in Coming Quarters

Sterlite Technologies Ltd (STL) has provided insights into its financial outlook. The company aims to maintain employee costs at 10-12% of annual revenue, reduce its debt/EBITDA ratio to below 2X, and anticipates a 5-6% reduction in finance costs. STL expects improvements in utilization and margins but refrained from disclosing specific revenue or utilization targets due to competitive sensitivity.

25Jul 25

Sterlite Technologies Reports Strong Q1 FY26 Results with 17% Revenue Growth and Key Leadership Appointments

Sterlite Technologies Limited (STL) reported robust Q1 FY26 results with revenue increasing 17% year-over-year to ₹1,019.00 crore and EBITDA surging 94% to ₹140.00 crore. The company's Optical Networking Business showed significant growth, while the Digital business added new customers and secured multi-million contracts. STL also launched India's first Multi-Core Fiber technology and expanded its AI-led Data Centre portfolio. The company announced key leadership appointments, including Ajay Jhanjhari as CFO and Naveen Bolalingappa as CEO for Digital Business Unit.

17Jul 25

Sterlite Technologies Partners with Hygenco for Green Hydrogen Facility in Optical Fiber Manufacturing

Sterlite Technologies Limited (STL) has introduced green hydrogen in its optical fiber production process, partnering with Hygenco to establish Maharashtra's first green hydrogen and oxygen production facility for this purpose. This initiative is expected to reduce STL's carbon emissions by approximately 30% annually. The facility will be built, owned, and operated by Hygenco, ensuring supply for the next 20 years. STL aims to become one of the world's first optical fiber manufacturers to use 100% green hydrogen in production, aligning with its goal of achieving Net Zero emissions by 2030.

24Jun 25

Sterlite Tech Secures 90.6 Million Rupees in Legal Victory

Sterlite Technologies Limited (STL) has successfully resolved a legal case in its favor, resulting in a financial gain of 90.60 million rupees. The digital network integration company's victory in this legal dispute is expected to positively impact its financial position. While specific details of the case are not disclosed, the outcome demonstrates STL's effective legal strategy and ability to navigate complex legal challenges.

16Jun 25

Sterlite Technologies Expands Data Centre Portfolio to Meet AI Demand

Sterlite Technologies (STL) is expanding its data centre portfolio to meet the growing demand for AI-powered data centres. The company aims to address the increasing needs of artificial intelligence infrastructure across various industries. This strategic move positions STL to capitalize on the rapidly growing AI sector and potentially open new revenue streams in the digital infrastructure market.

12Jun 25

Sterlite Technologies Shares Surge on ₹2,631 Crore BSNL Contract

Sterlite Technologies Limited (STL) has won a ₹2,631 crore (including GST) network project from Bharat Sanchar Nigam Limited (BSNL). The project involves designing and maintaining a middle-mile network for BharatNet in Jammu and Kashmir, and Ladakh Telecom Circles over 13 years. STL's shares surged over 15% following the announcement, reaching a six-month high.

11Jun 25

Sterlite Technologies Secures ₹2,631 Crore BSNL Contract for J&K, Ladakh Project

Sterlite Technologies Limited (STL) has signed a ₹2,631.14 crore agreement with Bharat Sanchar Nigam Limited (BSNL) for the BharatNet middle-mile network project in Jammu & Kashmir and Ladakh. The project, in partnership with Dilip Buildcon, includes a 3-year construction phase and a 10-year maintenance period. This initiative aims to enhance digital connectivity in remote areas of these regions, potentially boosting STL's order book and revenue prospects.

16May 25

Sterlite Technologies Ltd: Q4 Loss Narrows, Revenue Surges 25%

Sterlite Technologies Ltd (STL) announced Q4 results with revenue up 25% to ₹1,052.00 crore. Net loss narrowed by 51% to ₹40.00 crore. EBITDA rose to ₹146.00 crore with a margin of 13.90%. The company completed its global services demerger and reported improvements in its Digital segment. Financial health improved with net debt-to-equity ratio at 0.68.

06May 25

Sterlite Technologies Pioneers India's First Quantum-Secured Network

Sterlite Technologies Limited (STL) and the Centre for Development of Telematics (C-DOT) have successfully implemented India's first quantum-secured network using multi-core fibre technology. This breakthrough enhances data protection, creates future-ready infrastructure, and provides a strategic advantage in safeguarding sensitive communications. The collaboration demonstrates the potential of public-private partnerships in advancing India's technological capabilities and digital security.

09Apr 25

Sterlite Technologies Expands Digital Infrastructure in Western Australia with Swoop Partnership

Sterlite Technologies Limited (STL) has partnered with Swoop Holdings Limited to upgrade approximately 1,000 homes in Western Australia with high-speed Fibre-to-the-Home (FTTH) connectivity. STL will supply Swoop Infrastructure with advanced optical networking solutions, including OptoHaul, Micro Cables, Optical Closures, and Optical Termination products. The project aims to enhance digital infrastructure and internet speeds in the region, with STL's solutions manufactured in 'Zero Waste to Landfill' certified facilities.

01Apr 25

Sterlite Technologies Completes Demerger, Launches 'Invenia' for Global Services

Sterlite Technologies Limited (STL) has finalized the demerger of its Global Services Business, effective March 31, 2025. The new entity, STL Networks Limited, will operate under the brand name 'Invenia'. STL will focus on optical networking and connectivity solutions, while Invenia will specialize in global digital infrastructure and services. The strategic move aims to enhance operational efficiency and growth opportunities for both entities. STL Networks has already secured a INR 2600.00 Cr Bharatnet project in Jammu and Kashmir.

28Mar 25

Sterlite Technologies Secures ₹2,631 Crore Contract from BSNL for BharatNet Project

Sterlite Technologies Limited (STL) and Dilip Buildcon Limited consortium have been awarded a ₹2,631.14 crore contract by BSNL for the BharatNet project in Jammu & Kashmir and Ladakh. The project involves designing, supplying, constructing, and maintaining the middle mile network over 13 years. The contract includes ₹1,620.50 crore in CAPEX and ₹1,010.63 crore in OPEX, with a 3-year construction phase and 10-year maintenance period.

27Mar 25

Sterlite Technologies Expands European Footprint with Wyre Partnership for FTTH Network in Belgium

Sterlite Technologies Limited (STL) has formed a strategic partnership with Wyre to develop a multi-gigabit Fibre-to-the-Home (FTTH) network in Belgium. STL will supply high-performance optical cables and advanced solutions for Wyre's network infrastructure in Flanders and Brussels. The collaboration includes customized connectivity solutions and partnerships with local distributors to ensure efficient delivery. This partnership marks STL's expansion in Europe and contributes to the region's growing broadband infrastructure.

26Mar 25

Sterlite Technologies Forges Strategic Partnership with Wyre for FTTH Network Expansion in Belgium

Sterlite Technologies Limited (STL) has partnered with Wyre to develop a multi-gigabit Fibre-to-the-Home (FTTH) network in Belgium. STL will supply high-performance optical cables and advanced solutions for network infrastructure in Flanders and Brussels. The collaboration includes tailored solutions like high-fibre count cables, OptoBlaze and OptoBolt products, and 288F Closures. STL has also partnered with Wirewave for efficient delivery of materials. This partnership aims to enhance high-speed connectivity across the region while minimizing construction disruptions.

10Mar 25

Sterlite Technologies Appoints New CFO to Spearhead Global Expansion

Sterlite Technologies Ltd. (STL) has appointed Monica Madan as its new Chief Financial Officer. Madan, with over 20 years of experience in Fortune 500 companies, replaces Parag Jain. This strategic move aims to support STL's global expansion plans, particularly in the power transmission sector. The appointment underscores STL's commitment to strengthening its position in the international market and capitalizing on opportunities in the global energy infrastructure industry.

07Mar 25

Sterlite Technologies CFO Tushar Shroff Steps Down, Effective March 31, 2025

Tushar Shroff, CFO of Sterlite Technologies Limited (STL), has resigned effective March 31, 2025, to pursue other career opportunities. He will no longer be a Key Managerial Personnel or responsible for determining materiality of events for stock exchange disclosures. STL is in the process of appointing a new CFO and will inform exchanges accordingly.

05Mar 25

Goldman Sachs Exits Sterlite Technologies with ₹84 Crore Stake Sale

Goldman Sachs Asset Management has sold a 2.13% stake in Sterlite Technologies for approximately ₹84 crore. Simultaneously, Bandhan Mutual Fund acquired a 1.23% stake valued at ₹48.69 crore. The news impacted Sterlite Technologies' stock, which closed at ₹80.29 on BSE, down 4.02%. This ownership shift could influence the company's strategic direction and investor perception in the evolving digital infrastructure sector.

20Feb 25

NCLT Approves Demerger of Sterlite Technologies and STL Networks, Paving Way for Focused Growth

The National Company Law Tribunal (NCLT) has approved the demerger of Sterlite Technologies Limited (STL) and STL Networks Limited on February 14, 2025. The demerger separates STL's Global Services Business into STL Networks Limited, focusing on system integration telecom network solutions and private network infrastructure development. Shareholders will receive a 1:1 share allotment ratio. This strategic move aims to allow for focused operations, distinct growth strategies, and potentially greater shareholder value for both entities.

19Feb 25

NCLT Approves Demerger of Sterlite Technologies and STL Networks: A Strategic Move for Focused Growth

The National Company Law Tribunal (NCLT) has approved the demerger of Sterlite Technologies Limited (STL) and its subsidiary STL Networks Limited on February 14, 2025. The demerger, with an appointed date of April 1, 2023, involves a 1:1 share allotment ratio. Post-demerger, STL will focus on Optical Networking Business and Digital & Technology Solutions, while STL Networks will handle Global Services Business, system integration, and network solutions. This strategic move aims to unlock shareholder value, allow focused growth, and align with government initiatives like BharatNet and 5G deployment.