Sterlite Technologies

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Sterlite Technologies Limited
Public company
Traded as
Industry Telecom, Government Smart Cities Projects, Digital India projects, MSOs
Founded 2000[1]
Founder Anil Agarwal
Headquarters Pune, Maharashtra, India[2]
Key people
Anil Agarwal, Anand Agarwal, Pravin Agarwal, Ankit Agarwal, K.S. Rao
Products Optical Fiber, Fiber Optic Cables, Structured Data Cables
Services Optical Fibre Infrastructure, Passive infrastructure, Access Networks, Metro, FTTH, Wi-Fi, IBS, Optics & MPLS Core Network, Enterprise Services, Fixed Broadband, Security Services Managed Services
Revenue 30,300 million (US$450 million)[3]
2,461 million (US$37 million)[3]
Website Official Website

Sterlite Technologies Ltd. Sterlite Technologies Ltd [BSE: 532374, NSE: STRTECH], is a global technology leader in smarter digital infrastructure. Sterlite Tech designs, builds and manages smarter networks. With a pure-play telecom focused business that develops & delivers optical communication products, network & system integration services and OSS/BSS software solutions, Sterlite Tech has sales network in six continents. The Company has manufacturing presence in India, China & Brazil, and aims to transform everyday living by delivering smarter networks. With a strong portfolio of over 130 patents, Sterlite Tech is home to India’s only Centre of Excellence for broadband research. Projects undertaken by the company include intrusion-proof smarter data network for the Armed Forces, rural broadband for BharatNet, Smart Cities’ development, and establishing high-speed Fibre-to-the-Home (FTTH) networks.[4] The company is listed on the Bombay Stock Exchange and the National Stock Exchange of India. The company changed its name to 'Sterlite Technologies Limited' from Dec.2006. It is India's only integrated Optical Fiber producer and one of the largest suppliers of Optical Fibers to overseas markets in China, Europe and South East Asia.[5]

Sterlite Technologies is partially owned by Sterlite Industries (India) Limited, which is in turn 77%-owned by Vedanta Resources.

The company has an optical fiber manufacturing plant located at Aurangabad, India and Telecom Cable & Power Transmission Conductor plants at Silvassa, Pune& Haridwar India. In 2002, Sterlite was forced to shelve plans for a large new facility in Bangalore due to market weakness.[6]

The company has recently acquired Elitecore Technologies, which is a telecom software company.[7]

Awards and controversies[edit]

A Sterlite Technologies ADSL2+ Modem

Sterlite Tech’s fully integrated optical fiber plants at Waluj, Aurangabad becomes India’s first unit to win Frost & Sullivan Gold Award in process sector for optical fiber. http://www.wirecable.in/2017/01/sterlite-technologies-limited-bags-two-awards-for-optical-fiber-manufacturing-at-imea-2016/

Union Budget 2017-18: Sterlite Tech says Bharat Net push could help it diversify http://www.moneycontrol.com/video/business/union-budget-2017-18-sterlite-tech-says-bharat-net-push-could-help-it-diversify_8407941.html

Crisil upgrades Sterlite Tech’s rating to stable Ratings agency Crisil Monday upgraded Pune-based Sterlite Technologies to stable. http://telecom.economictimes.indiatimes.com/news/crisil-upgrades-sterlite-techs-rating-to-stable/55661439

Sterlite Technologies undergoes brand transformation http://www.bestmediainfo.com/2016/10/sterlite-technologies-undergoes-brand-transformation/

Sterlite Tech to set up customer experience centre in Gurgaon http://economictimes.indiatimes.com/industry/telecom/sterlite-tech-to-set-up-customer-experience-centre-in-gurgaon/articleshow/51434224.cms

Demerged Sterlite Tech becomes pure play telecom player http://www.thehindubusinessline.com/info-tech/demerged-sterlite-tech-becomes-pure-play-telecom-player/article8640245.ece

Sterlite Tech’s Arvind Mishra appointed to the Board of FTTH Council APAC http://economictimes.indiatimes.com/industry/telecom/sterlite-techs-arvind-mishra-appointed-to-the-board-of-ftth-council-apac/articleshow/52568485.cms

In 2002, Sterlite was the subject of a major lawsuit,[8] by Fitel USA, a subsidiary of Furukawa Electric charging Sterlite with infringement of a number of optical fiber patents including those related to manufacturing fiber with low polarization mode dispersion.

Sterlite was cited[9] in an Indian parliamentary discussion of government purchasing irregularities.

Sterlite was served a show cause cum demand notice by the Indian Customs and Excise authorities for alleged willful evasion of Custom and Excise Duties in year 2002. This matter is listed for hearing at the Supreme Court of India.

Sterlite Technology successfully completed Smart city Jaipur and Gandhinagar project.

References[edit]

  1. ^ "Corporate profile" (PDF). sterlitetechnologies.com. Retrieved 5 October 2010. 
  2. ^ ":: Sterlite - Contact Us ::". Sterlitetechnologies.com. Retrieved 5 October 2010. 
  3. ^ a b "BSE Plus". Bseindia.com. Retrieved 5 October 2010. 
  4. ^ "Sterlite Tech Press Release". Indianotes.com. Retrieved 5 October 2010. 
  5. ^ Keith Dsilva (28 March 2007). "Sterlite Optical Technologies to supply Power Conductors for India's first 500kV HVDC Lines for 2500 MW Power Transmission". Indiaprwire.com. Retrieved 5 October 2010. 
  6. ^ "Times of India Tech: Latest IT, telecom, Internet, BPO news and updates". Infotech.indiatimes.com. Retrieved 5 October 2010. 
  7. ^ "Sterlite Technologies acquires Elitecore Technologies". 
  8. ^ www.ofsoptics.com press release
  9. ^ [1]

External links[edit]