STL to invest Rs 200 crore for expanding optical fibre manufacturing capability, open facilities in US, UK

NEW DELHI: Digital networks integrator Sterlite Technologies (STL) said it is aiming to expand its optical fibre manufacturing capabilities from 33 to 42 million fibre-kilometers at an investment of Rs 200 crore and open new facilities in the US and the UK to chart its next phase of growth.

The Pune-based company underlined that these capacity enhancements will support extensive fibre build-outs planned across the US, Europe and UK to boost rural broadband and 5G roll outs.

At the same time, the company is aiming to achieve an annual revenue run rate of Rs 10,000 crore by Q4 of FY23, driven by sustained investments with deep customer engagement.