Small-Cap stock engaged in providing end-to-end data network solutions to build data center networks, 5G Networks, and many more, jumped 11 percent in the day’s trade, upon deepening partnership with Vocus for faster deployment of high-capacity networks in Australia.
With a market capitalization of Rs. 4,838 Crores, the shares of Sterlite Technologies Limited were trading at Rs. 121.20, up 9.39 percent from its previous day’s close price of Rs. 110.80.
Sterlite Technologies Limited (STL) has been actively involved in collaboratively developing optical fiber solutions tailored to Vocus’s goal of delivering high-speed connectivity across Australia, and it has announced another milestone in its partnership with Vocus Group.
The new multi-year partnership will see increased usage of STL’s ultra-slim profile Micro TM cables in Vocus’ network, along with the use of its flagship Stellar TM fibre, the world’s first bend-resilient fibre with backward compatibility to fibre found in legacy networks.
Using such a bend-resilient fibre will improve the network quality with lower losses, higher network availability and longer lifetime.
STL has been supporting Vocus in building, operating, and maintaining its extensive fibre network with its world-class optical networking solutions, and in the last three years, it has supplied more than 1000 kms of optical fibre cable to Vocus and is committed to providing the most sustainable, quality products by being ‘first in the world’ to launch a range of externally certified Eco-labelled Optical Products.
Vocus is a specialist fibre and network solutions provider in Australia that owns and operates more than 25,000 kms of fibre network that is purpose-built and managed for businesses and the Government.
Sterlite Technologies Limited is one of the largest Optical Fiber and Optical Fiber cable manufacturers in the country, engaged in providing end-to-end data network solutions to build data center networks, 5G Networks, and many more. It manufactures and supplies optic fiber, cables, and optical interconnect devices and provides other related services.
Its revenue from operations declined by 29.79 percent from Rs. 1,883 Crores in Q3FY23 to Rs. 1,322 Crores in Q3FY24, accompanied by a profit of Rs. 47 Crore to a loss of Rs. 59 Crores.
Written by: Bharath K.S
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