Sterlite Technologie Share Price

The September 2022 quarter revenue stood at Rs. 13360.00 millions, up 5.36% as compared to Rs. 12680.00 millions during the corresponding quarter last year.The Net Loss for the quarter ended September 2022 is Rs. -60.00 millions as compared to Net Profit of Rs. 910.00 millions of corresponding quarter ended September 2021Operating profit for the quarter ended September 2022 decreased to 1110.00 millions as compared to 2270.00 millions of corresponding quarter ended September 2021.

The company witnessed a 16.28% growth in the revenue at Rs. 14710.00 millions for the quarter ended December 2022 as compared to Rs. 12650.00 millions during the year-ago period.The Total Profit for the quarter ended December 2022 of Rs. 1010.00 millions grew from Rs.-740.00 millionsOperating Profit saw a handsome growth to 2520.00 millions from 80.00 millions in the quarter ended December 2022.

Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, Sterlite Technologies has forwarded the details of information for loss of share certificate and issue of duplicate share certificates received by them from its shareholder through its RTA- Kfin Technologies (copy enclosed) today September 02, 2022.

The above information is a part of company’s filings submitted to BSE.

The company’s Multiverse leverages Space Division Multiplexing to gain 4X transmission capacity per fibre, within the same diameter

Sterlite Technologies is currently trading at Rs. 168.95, up by 4.50 points or 2.74% from its previous closing of Rs. 164.45 on the BSE.

The scrip opened at Rs. 168.95 and has touched a high and low of Rs. 168.95 and Rs. 168.95 respectively. So far 223 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 317.45 on 13-Dec-2021 and a 52 week low of Rs. 128.60 on 26-Jul-2022.

Last one week high and low of the scrip stood at Rs. 168.95 and Rs. 154.30 respectively. The current market cap of the company is Rs. 6548.24 crore.

The promoters holding in the company stood at 54.15%, while Institutions and Non-Institutions held 13.20% and 32.65% respectively.

Sterlite Technologies (STL) has launched India’s first Multicore fibre and cable. This breakthrough innovation will change the optical connectivity landscape of India. This has been conceptualised and developed indigenously at the company’s Centre of Excellence in Maharashtra with top interdisciplinary R&D experts. The company’s Multiverse leverages Space Division Multiplexing to gain 4X transmission capacity per fibre, within the same diameter.

Sterlite Technologies is an industry-leading integrator of digital networks.

5G Cosmos is an Atmanirbhar, patented solution

Sterlite Technologies is currently trading at Rs. 179.00, up by 13.35 points or 8.06% from its previous closing of Rs. 165.65 on the BSE.

The scrip opened at Rs. 169.95 and has touched a high and low of Rs. 182.50 and Rs. 167.65 respectively. So far 65718 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 317.45 on 13-Dec-2021 and a 52 week low of Rs. 128.60 on 26-Jul-2022.

Last one week high and low of the scrip stood at Rs. 182.50 and Rs. 158.45 respectively. The current market cap of the company is Rs. 7077.84 crore.

The promoters holding in the company stood at 54.15%, while Institutions and Non-Institutions held 13.20% and 32.65% respectively.

Sterlite Technologies has unveiled 5G Cosmos - an optical solution for towers and small cells - to lend speed to the 5G rollout. Despite the intent and capital availability, India's fibre space is constrained by deployment speed and scale. 5G Cosmos is an Atmanirbhar, patented solution that can solve these challenges and connect every tower, small cell and node.

It comprises of 5G optical network topology design, StellarTM Fibre, Celesta intelligently bonded ribbon cables, Plug-and-Play optical devices and Automation-led fibre deployment.

Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.

Sterlite Technologies has informed about its collaboration with Vocus Group for Project Horizon in Western Australia. Under the partnership, STL will provide high strength optical fibre cables for Vocus’ inter capital network extension program. A copy of the Company’s Press Release in this behalf, is enclosed.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, Sterlite Technologies has forwarded the details of information for loss of share certificate and issue of duplicate share certificates received by them from its shareholder through its RTA- Kfin Technologies (copy enclosed) today October 13, 2022.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, Sterlite Technologies has forwarded the details of information for loss of share certificate and issue of duplicate share certificates received by them from its shareholder through its RTA - Kfin Technologies (copy enclosed) today October 21, 2022.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, Sterlite Technologies has forwarded the details of information for loss of share certificate and issue of duplicate share certificate received by them from its shareholder through its RTA - Kfin Technologies (copy enclosed) on November 25, 2022.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, Sterlite Technologies has forwarded the details of information for loss of share certificate and issue of duplicate share certificate received by them from its shareholder through its RTA - Kfin Technologies (copy enclosed) on November 26, 2022.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, Sterlite Technologies has forwarded the details of information for loss of share certificate and issue of duplicate share certificate received by them from its shareholder through its RTA - Kfin Technologies (copy enclosed) on November 30, 2022.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 30 of the Listing Regulations, Sterlite Technologies has informed that the Board of Directors, at its meeting held today, has approved appointment of Tushar Shroff, as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company with effect from December 6, 2022. Further disclosures as required under the Listing Regulations are enclosed as Annexure A. A copy of Company’s Press Release in this behalf is also enclosed.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, Sterlite Technologies has forwarded the details of information for loss of share certificate and issue of duplicate share certificate received by them from its shareholder through RTA - Kfin Technologies (copy enclosed) on December 09, 2022.

The above information is a part of company’s filings submitted to BSE.

The Company now holds 100% shares of JSFTCL through its wholly owned subsidiaries in China and Mauritius

Sterlite Technologies is currently trading at Rs. 176.40, up by 6.00 points or 3.52% from its previous closing of Rs. 170.40 on the BSE.

The scrip opened at Rs. 171.75 and has touched a high and low of Rs. 177.40 and Rs. 170.50 respectively. So far 69480 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 305.55 on 15-Dec-2021 and a 52 week low of Rs. 128.60 on 26-Jul-2022.

Last one week high and low of the scrip stood at Rs. 177.50 and Rs. 165.55 respectively. The current market cap of the company is Rs. 6969.90 crore.

The promoters holding in the company stood at 54.11%, while Institutions and Non-Institutions held 11.67% and 34.22% respectively.

Sterlite Technologies (STL) has acquired balance 25% stake in Jiangsu Sterlite Fiber Technology (JSFTCL) (formerly known as Jiangsu Sterlite Tongguang Fiber) on December 14, 2022. The Company now holds 100% shares of JSFTCL through its wholly owned subsidiaries in China and Mauritius. The acquisition of the remaining 25% stake of JSFTCL will ensure optical fiber supply security to support STL’s expanding optical fiber cable operations.

Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.

Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, Sterlite Technologies has forwarded the details of information for loss of share certificate and issue of duplicate share certificate received by them from its shareholder through its RTA - Kfin Technologies (copy enclosed) on December 15, 2022.

The above information is a part of company’s filings submitted to BSE.

The company has acquired balance 25% stake in Jiangsu Sterlite Fiber Technology

Sterlite Technologies is currently trading at Rs. 183.15, up by 5.90 points or 3.33% from its previous closing of Rs. 177.25 on the BSE.

The scrip opened at Rs. 179.65 and has touched a high and low of Rs. 185.00 and Rs. 174.55 respectively. So far 172899 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 299.45 on 17-Dec-2021 and a 52 week low of Rs. 128.60 on 26-Jul-2022.

Last one week high and low of the scrip stood at Rs. 185.00 and Rs. 166.20 respectively. The current market cap of the company is Rs. 7169.04 crore.

The promoters holding in the company stood at 54.11%, while Institutions and Non-Institutions held 11.67% and 34.22% respectively.
 
Sterlite Technologies (STL) has acquired balance 25% stake in Jiangsu Sterlite Fiber Technology (JSFTCL) (formerly known as Jiangsu Sterlite Tongguang Fiber) on December 14, 2022. The Company now holds 100% shares of JSFTCL through its wholly owned subsidiaries in China and Mauritius. The acquisition of the remaining 25% stake of JSFTCL will ensure optical fiber supply security to support STL’s expanding optical fiber cable operations.

Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.

Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, Sterlite Technologies has forwarded the details of information for loss of share certificate and issue of duplicate share certificate received by them from its shareholder through its RTA - Kfin Technologies (copy enclosed) on December 20, 2022.

The above information is a part of company’s filings submitted to BSE.

Sterlite Technologies has informed that the exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Blue Daimond Properties.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sterlite Technologies has informed that it enclosed the details of proposed schedule of Analyst/Institutional Investor meeting(s) to be held on February 07, 2023. Dates of aforesaid meeting(s)/call(s) are subject to change due to exigencies on the part of Investor/Company. No Unpublished Price Sensitive Information will be shared during the meeting(s). The copy of presentation is also available on our website in the investors page at the tab ‘STL Investor Presentation’.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sterlite Technologies has informed that it enclosed the details of proposed schedule of Analyst/Institutional Investor meeting(s) scheduled to be held on February 9 & 10, 2023.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sterlite Technologies has informed that the Authorization and Allotment Committee of the Board of Directors of the Issuer at its meeting held on February 22, 2023 approved the allotment of 10,000 rated, listed, secured, redeemable, non-convertible debentures (the ‘NCDs’) bearing a face value of INR 1,00,000 each, aggregating to INR 100,00,00,000 to the investors identified by the Authorised Official on February 21, 2023. The required details in relation to the Issue are enclosed.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, Sterlite Technologies has informed that it enclosed the details of information for loss of share certificate and issue of duplicate share certificate received by them from its shareholder through RTA - Kfin Technologies (copy enclosed) on February 28, 2023.

The above information is a part of company’s filings submitted to BSE.

Sterlite Technologies has informed about adoption of Science-based Targets initiative (SBTi), for more transparent and granular carbon monitoring, control, and disclosure. STL is now among the 0.01% of the Indian companies that have committed to SBTi. A copy of the Company’s Press Release in this behalf, is enclosed.

The above information is a part of company’s filings submitted to BSE.

The company has adopted Science-based Targets initiative

Sterlite Technologies is currently trading at Rs. 163.75, up by 2.35 points or 1.46% from its previous closing of Rs. 161.40 on the BSE.

The scrip opened at Rs. 162.00 and has touched a high and low of Rs. 164.55 and Rs. 161.85 respectively. So far 31850 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 242.90 on 22-Apr-2022 and a 52 week low of Rs. 128.60 on 26-Jul-2022.

Last one week high and low of the scrip stood at Rs. 164.75 and Rs. 153.00 respectively. The current market cap of the company is Rs. 6524.14 crore.

The promoters holding in the company stood at 54.09%, while Institutions and Non-Institutions held 10.74% and 35.17% respectively.

In a bid to further increase its sustainability efforts, Sterlite Technologies (STL) has adopted Science-based Targets initiative (SBTi), for more transparent and granular carbon monitoring, control, and disclosure. STL is now among the 0.01% of the Indian companies that have committed to SBTi. This underscores the company’s bold ambition to become Net-Zero by 2030 and drive towards UN Sustainable Development Goals.

Since STL announced its Net-Zero ambition, the company has accomplished some significant milestones. 8 out of STL’s 11 global plants are now Zero Waste and 6 are Zero Liquid Discharge plants. STL has increased indigenous sustainable procurement in cable manufacturing from 55% in FY21 to 61% in FY22 and recycled over 1,45,000 m3 of water at its facilities.

Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.

Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, Sterlite Technologies has forwarded the details of information for loss of share certificate and issue of duplicate share certificate received by them from its shareholder through RTA, Kfin Technologies (copy enclosed) on March 14, 2023.

The above information is a part of company’s filings submitted to BSE.

Quarterly Results

Audited Results & Final Dividend Inter alia, to consider: 1. Recommend final dividend, if any, for the Financial Year ended March 31, 2022 2. Consider approval of raising of funds by issue of equity shares or any other securities convertible into equity shares or a combination of such securities by way of further public offer, rights issue, American Depository Receipts/Global Depository Receipts/Foreign Currency Convertible Bonds, qualified institutions placement, preferential issue or any other method as may be permitted under applicable laws, subject to such regulatory/statutory approvals as may be required, including approval of the notice for the general meeting for obtaining the shareholders? approval in this regard.

Quarterly Results

Quarterly Results

Rs.2.0000 per share(100%)Final Dividend

Quarterly Results Inter alia, to: 1. Consider Un-audited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2021. 2. Consider approval of raising of funds by issue of equity shares or any other securities convertible into equity shares or a combination of such securities by way of further public offer, rights issue, American Depository Receipts/Global Depository Receipts/Foreign Currency Convertible Bonds, qualified institutions placement, preferential issue or any other method as may be permitted under applicable laws, subject to such regulatory/statutory approvals as may be required, including approval of the notice for the general meeting for obtaining the shareholders’ approval in this regard.

Final Dividend & Audited Results

Quarterly Results

Quarterly Results

This makes STL’s optical solutions one of the most sustainable across India and Europe

Sterlite Technologies (STL) has received ‘Zero Waste to Landfill’ certification for all its optical fibre and cable facilities across India and Italy. Earlier in 2020, the company became the world's first optical fibre and cable manufacturer to attain the ZWL certificate for its Indian plants in Maharashtra, India. Since then, the company has improved its waste diversion rate and extended these best practices to its remaining plants in India and Optical cable and interconnect facilities in Italy. This makes STL’s optical solutions one of the most sustainable across India and Europe.

Sterlite Technologies is an industry-leading integrator of digital networks.

For this purpose, STL has entered into definitive documents with the relevant parties to record the terms and conditions of the Proposed Transaction and related matters

Sterlite Technologies’ (STL) wholly owned subsidiary -- Sterlite Global Venture (Mauritius) (SGVML) has agreed to sell the entire stake (amounting to 80% of the entire share capital) held in Impact Data Solutions, UK (IDS UK) to Hexatronic Group AB (publ.). Consequent to the Proposed Transaction, IDS UK and its wholly owned subsidiary Impact Data Solutions BV, will cease to be the subsidiaries of SGVML and step‐down subsidiaries of the STL respectively. For this purpose, STL has entered into definitive documents with the relevant parties to record the terms and conditions of the Proposed Transaction and related matters.

Sterlite Technologies is an industry-leading integrator of digital networks.

The company’s Multiverse leverages Space Division Multiplexing to gain 4X transmission capacity per fibre, within the same diameter

Sterlite Technologies (STL) has launched India’s first Multicore fibre and cable. This breakthrough innovation will change the optical connectivity landscape of India. This has been conceptualised and developed indigenously at the company’s Centre of Excellence in Maharashtra with top interdisciplinary R&D experts. The company’s Multiverse leverages Space Division Multiplexing to gain 4X transmission capacity per fibre, within the same diameter.

Sterlite Technologies is an industry-leading integrator of digital networks.

Gram Galaxy solution will accelerate last-mile rural connectivity and village digitalisation

Sterlite Technologies has launched Gram Galaxy solution at IMC 2022 to accelerate last-mile rural connectivity and village digitalisation. The company’s Gram Galaxy includes national long-distance network design, comprehensive optical cable suite, fibre automation services, skilled talent pool and an application ecosystem for digital cafe.

Sterlite Technologies is an industry-leading integrator of digital networks.

5G Cosmos is an Atmanirbhar, patented solution

Sterlite Technologies has unveiled 5G Cosmos - an optical solution for towers and small cells - to lend speed to the 5G rollout. Despite the intent and capital availability, India's fibre space is constrained by deployment speed and scale. 5G Cosmos is an Atmanirbhar, patented solution that can solve these challenges and connect every tower, small cell and node.

It comprises of 5G optical network topology design, StellarTM Fibre, Celesta intelligently bonded ribbon cables, Plug-and-Play optical devices and Automation-led fibre deployment.

Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.

The company had entered into definitive documents to sell its stake (through its wholly-owned subsidiary) in Impact Data Solutions, UK

Sterlite Technologies has successfully completed divestment of stake in UK-based Impact Data Solutions. Earlier, on September 26, 2022, the company had entered into definitive documents to sell its stake (through its wholly-owned subsidiary) in Impact Data Solutions, UK (IDS UK) to Hexatronic Group AB (publ.).

Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.

The company will provide high strength optical fibre cables for Vocus’ inter capital network extension program

Sterlite Technologies (STL) has collaborated with Vocus Group (Vocus) for Project Horizon in Western Australia. Under the partnership, the company will provide high strength optical fibre cables for Vocus’ inter capital network extension program. This deal strengthens the company’s relationship with Vocus, where the company previously provided its optical networking solutions, Opticonn for brownfield network build projects.

Project Horizon will see Vocus deploy the first competitive fibre backbone between Perth and Port Hedland, and is the first major infrastructure project under Vocus’ $1 billion investment program. When complete, Project Horizon will close the final gap in Vocus’ national fibre backbone connecting all mainland capitals. Horizon will also interconnect with two high-capacity submarine cables in Port Hedland, establishing Australia’s north as a new hub for domestic and international data.

As a fibre partner for project Horizon, the company will support Vocus’ network rollout with a state-of-the-art design, combined with high-tensile and crush strength cable technology. The cables have a design life of more than 30 years, ensuring Project Horizon will continue to deliver high-capacity connectivity through the Pilbara until the 2050s even in harsh environmental conditions.

Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.

The Company now holds 100% shares of JSFTCL through its wholly owned subsidiaries in China and Mauritius

Sterlite Technologies (STL) has acquired balance 25% stake in Jiangsu Sterlite Fiber Technology (JSFTCL) (formerly known as Jiangsu Sterlite Tongguang Fiber) on December 14, 2022. The Company now holds 100% shares of JSFTCL through its wholly owned subsidiaries in China and Mauritius. The acquisition of the remaining 25% stake of JSFTCL will ensure optical fiber supply security to support STL’s expanding optical fiber cable operations.

Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.

Total consolidated income of the company increased by 44.68% to Rs 1,891 crore for Q3FY23

Sterlite Technologies has reported results for third quarter ended December 31, 2022.

The company has reported net profit of Rs 53 crore for Q3FY23 as compared to net loss of Rs 107 crore for the corresponding quarter previous year. Total income of the company increased by 18.52% to Rs 1,523 crore for the quarter under review as compared to Rs 1,285 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported net profit at Rs 46 crore for Q3FY23 as compared to net loss of Rs 142 crore for the same quarter in the previous year. Total income of the company increased by 44.68% to Rs 1,891 crore for the quarter under review as compared to Rs 1,307 crore for the same quarter in the previous year.

The date of completion of sale (Closing) is subject to conditions precedents and customary closing conditions

Sterlite Technologies (STL) has signed an agreement and will sell its Telecom Product Software business via business transfer agreement by way of slump sale as a going concern to Skyvera through its Indian subsidiary. 

The date of completion of sale (Closing) is subject to conditions precedents and customary closing conditions. The deal is part of the Company’s strategy of calibrated exits from sub-scale businesses and realigning its portfolio to focus on growth opportunities and optimising the capital structure.

Skyvera LLC, an affiliate of TelcoDR, which is a US Headquartered global acquirer of telecommunication software businesses that operates and transforms the telco software companies, by providing support, product innovation, and a path for leveraging the power of the public cloud.

Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.

The consideration received from such sale/disposal is Rs 15 crore

Sterlite Technologies (STL) has signed a Business Transfer Agreement to transfer its Digital Business Undertaking to STL Digital, a wholly owned subsidiary of STL, as a going concern on a slump sale basis. The Business Transfer Agreement is executed on February 27, 2023. The consideration received from such sale/disposal is Rs 15 crore.

The Digital Business Undertaking is currently operated as one of the business divisions of STL performing its business in areas of IT/ITES, professional and consultancy services including cloud services, other services relating to IT/ITES. The Digital Business Undertaking is on a growth trajectory and offers significant potential for future growth if certain strategic actions are taken.

Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.

STL is now among the 0.01% of the Indian companies that have committed to SBTi

In a bid to further increase its sustainability efforts, Sterlite Technologies (STL) has adopted Science-based Targets initiative (SBTi), for more transparent and granular carbon monitoring, control, and disclosure. STL is now among the 0.01% of the Indian companies that have committed to SBTi. This underscores the company’s bold ambition to become Net-Zero by 2030 and drive towards UN Sustainable Development Goals.

Since STL announced its Net-Zero ambition, the company has accomplished some significant milestones. 8 out of STL’s 11 global plants are now Zero Waste and 6 are Zero Liquid Discharge plants. STL has increased indigenous sustainable procurement in cable manufacturing from 55% in FY21 to 61% in FY22 and recycled over 1,45,000 m3 of water at its facilities.

Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.