Sterlite Technologies announced today that their fiber optic cable products manufactured in the US are compliant with the `Build America, Buy America` (BABA) provisions of the Infrastructure Investment and Jobs Act (IIJA). Along with this announcement, STL also unveiled its Rapid series of products, which will add to its �In America, For America� portfolio of fiber optic cables.Rapid series of optical fiber cables range from high-capacity ribbonized cables to ruggedized designs for different applications like duct, direct buried, aerial and last-mile connectivity.Powered by Capital Market - Live News

Sterlite Technologies will hold a meeting of the Board of Directors of the Company on 8 May 2024.Powered by Capital Market - Live News

Sterlite Technologies has raised Rs 1,000 crore through a qualified institutional placement route. The company approved the issue and allotment of 8.84 Cr Equity shares to qualified institutional investors, including HDFC Mutual Fund, Nippon Life India, Goldman Sachs and Bandhan Mutual Fund, aggregating to Rs 1000 crore. Post the allotment, the paid-up equity share capital of the company has increased to Rs 97.5 crore, comprising 48.75 crore equity shares.Powered by Capital Market - Live News

Sterlite Technologies has been awarded orders worth Rs 900 crore in FY24 to provide integrated optical solutions to the leading service providers in the country. In the process, STL, through its advanced Optical solutions and Smart Fibre Deployment services, will support service providers in bringing high-speed connectivity to Indians in more than 20 states.With its Glass to Gigabit capability (starting from its own glass preform to optical connectivity products), STL is well-positioned to cater to the needs of the Indian telecom industry. Its solid manufacturing base in India with six plants, R&D-led products like its flagship StellarTM fibre and high-fibre count Intermittently Bonded Ribbon (IBR) cable, and fibre deployment services are powering fibre-densification for use cases like 5G, IoT and AI. Powered by Capital Market - Live News

Sterlite Technologies announced its strategic partnership with Lumos. STL has been strategically engaged in co-creating fiber and optical connectivity solutions suited for Lumos` mega ambition to build transformative 100% fiber optic internet in the mid-Atlantic region.Lumos was an important part of STL`s recently inaugurated fiber optic plant in Lugoff, South Carolina. More recently, senior executives from Lumos visited STL`s R&D, glass preform, fiber and cable facilities in India.Lumos` rapidly growing network across North Carolina, South Carolina, and Virginia provides 100% fiber-optic internet, whole-home Wi-Fi, voice, and streaming services to more than 275,000 homes and businesses and plans to reach over one million passings.STL will support Lumos in a significant part of this critical rollout. In this long-term engagement, STL will offer advanced, purpose-engineered optical fiber cable designs to meet Lumos` network requirements. STL has endto-end optical capabilities and will also supply its signature Opto-bolt product, a pre-connectorized drop cable designed to significantly reduce installation time by de-skilling field installation while bringing modularity into the network design.Powered by Capital Market - Live News