Sterlite Technologies announced winning the strategically significant Jammu & Kashmir leg of the BharatNet III project in consortium with Dilip Buildcon. This project, valued at Rs 2600 crore (Rs1,625 crore in capex and Rs 975 crore for operations & maintenance), strongly aligns with STL's fervour for nation-building and its purpose of Transforming Billions of lives by Connecting the World. The company previously executed the Network for Spectrum (NFS) project, building the world's largest intrusion-proof network spanning over 10,000 kilometers for the Indian Armed Forces. With this new BharatNet project, STL is now focused on expanding broadband connectivity to villages, paving the way for enhanced opportunities in education, healthcare, and economic development for the citizens of the state. STL has also been a strong partner in earlier BharatNet phases, successfully executing projects such as Mahanet in Maharashtra and T-Fibre in Telangana. With over 1,50,000 kilometres of fibre laid across India, STL has established itself as a trusted leader in large-scale network deployments.Powered by Capital Market - Live

The project involves development (creation, upgradation and operation & maintenance) of middle mile network of Bharat Net on design build operate and maintain (DBOM) model ' Package 13 in the state of Jammu & Kashmir. The project includes a 3-year construction period, followed by a 10-year maintenance contract. The maintenance fee will be 5.5% of the capital expenditure (capex) annually for the first 5 years and 6.5% annually for the subsequent 5 years. Sterlite Technologies is a leading global optical and digital solutions company providing advanced offerings to build 5G, rural, FTTx, enterprise and data centre networks. The company's consolidated net loss to Rs 14 crore in Q2 FY25 from Rs 48 crore in Q1 FY25. Revenue increased by 16.01% sequentially to Rs 1,413 crore. Powered by Capital Market - Live

Sterlite Technologies (STL or the Company) announced that it emerged as L1 bidder from Bharat Sanchar Nigam (BSNL) for 'Development (Creation, Upgradation and Operation & Maintenance) of Middle mile network of Bharat Net on Design Build Operate and Maintain (DBOM) Model' - Package 13 (Jammu & Kashmir). The value of the contract is Rs 1625.36 crore. Powered by Capital Market - Live

Sterlite Technologies has allotted 64,485 equity shares under ESOP on 06 November 2024. Post allotment of these shares, the paid up equity shares has increased to 487,813,555 nos. Powered by Capital Market - Live

Revenue increased by 16.01% sequentially to Rs 1,413 crore. EBITDA increased by 62.37% to Rs 151 crore in Q2 FY25 from Rs 93 crore in Q1 FY25. EBITDA margin was 10.7% in Q2 FY25 as against 7.7% in Q1 FY25. The company posted a pre-tax loss of Rs 16 crore in Q2 FY25. Pre-tax loss for Q1 FY25 was Rs 60 crore. Dynamically navigating the temporary demand softness, STL extensively focused on its key priorities of customer centricity, product innovation, and cost leadership. As a result, the company saw sales gaining momentum for the second consecutive quarter in both - Optical Fibre Cable (OFC) and Optical Connectivity (OC) portfolios. Combining its expertise in these two portfolios, STL co-developed solutions for its customers, reporting a 22% Optical Connectivity attach rate in the current quarter. STL also won its first BEAD order in the US and a large deal with Netomnia in the UK. Some other significant wins in H1 FY25 include Archtop Fiber in the US, Du Telecom in MEA, and Connexin in the UK. Ankit Agarwal, managing director, STL, said: 'As a company, we strongly believe in the power of persistent efforts and strong fundamentals. Our deep partnerships with customers, approach to building cable plus connectivity solutions, and conscientious efforts on costs have started to show in our performance. As demand returns to its normal course, we are fully geared up for long-term success.' Sterlite Technologies is a leading global optical and digital solutions company providing advanced offerings to build 5G, rural, FTTx, enterprise and data centre networks. Powered by Capital Market - Live

Net loss of Sterlite Technologies reported to Rs 14.00 crore in the quarter ended September 2024 as against net profit of Rs 34.00 crore during the previous quarter ended September 2023. Sales declined 5.42% to Rs 1413.00 crore in the quarter ended September 2024 as against Rs 1494.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1413.001494.00 -5 OPM %10.2614.26 - PBDT67.00123.00 -46 PBT-16.0038.00 PL NP-14.0034.00 PL Powered by Capital Market - Live

Sterlite Technologies announced that it has achieved a significant advancement in the cost and performance of Fibre Optic Sensing (FOS) technology. With this advancement, STL's FOS solution now embeds its advanced AI models in the Nvidia Jetson series modules offering superior performance, power and cost in fibre optic sensing. STL's platform is a field-proven AI/ML stack for FOS with several million training hours. It sets the benchmark for precision, recall and F1 scores for every challenging O&M requirement in cable infrastructure and physical site security. The AI-FOS solution will be a game changer for network monitoring and for securing assets, perimeters, and strategic infrastructure. Especially in the case of fibre cuts, the AI-based FOS solution can intelligently predict fibre cuts before they occur in diverse weather and site conditions and provide network infrastructure owners with a significant reduction in Operations and Maintenance costs. Commenting on this development, Badri Gomatam, Group CTO, R&D, STL, said: 'Embedding Nvidia Edge AI into this technology takes it to the next level. Our AI-FOS solution continuously monitors the condition of multiple fibre optic cable installations, providing high-precision fault geo-localization prior to an adverse event. Using Edge AI, we will now be able to offer benchmark performance and affordability for our valued customers.'Powered by Capital Market - Live

Sterlite Technologies (STL) debuted its revolutionary MultiCore Fibre (MCF) today at IMC 2024. STL's MCF suite consists of ultra-thin fibre with 7 and 4 cores (instead of one), along with Multicore Fibre Cables drawn from indigenously developed multicore preform technology. STL also showcased the power of this optical fibre innovation through a live 400G network transmission with real-time traffic simulation. This Make-In-India innovation is laying the groundwork for the scale-up of advanced technologies like quantum communications and silicon photonics. STL's Multicore fibre leverages Space Division Multiplexing in 7 and 4 core fibre to achieve ultra-high transmission capacity per fibre within the same diameter. This marquee fibre was deployed in the Advanced Optical Communications (AOC) Test Bed project last year to evaluate its transmission performance with advanced technologies in on-field conditions. This project is run in collaboration with DoT and IIT Chennai. India's top researchers and academicians hailed STL's work on the multicore fibre as a breakthrough for revolutionary technologies like Quantum Communications and Silicon Photonics. Powered by Capital Market - Live

Sterlite Technologies will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live

Sterlite Technologies today marked its entry into the AI-led Data Centre segment with a full-fledged demonstration of its integrated Optical cable, connectivity and interconnect offerings at the India Mobile Congress 2024. The Honourable Telecom Minister, Jyotiraditya Scindia, inaugurated this Make-in-India AI-DC portfolio. As a homegrown, globally recognised Optical expert, STL has developed a sophisticated, integrated portfolio to cater to the unique cabling needs of GPU-dense data centres. Optical fibre cabling in AI data centres must deliver high bandwidth, low latency, and high density to meet the volume and complexity of AI workloads. 'The linkage between AI, Data Centres and Optical Fibre forms the holy trinity of future connectivity. We have been deeply involved in building a suite of products that fit right into the most dense connectivity environments ever created,' said Ankit Agarwal, Managing Director and CEO Optical Business, STL. He further added, 'We are excited to showcase our Make in India AI-DC portfolio to our customers and believe that this will serve as a one-stop solution for their data centre cabling needs.' STL's Intelligently Bonded Ribbon (IBR) cable technology is the engine behind fibre densification in AI data centres. STL was the second in the world and the first in India to offer mainstream high-density IBR optical products. The company's flagship AI-DC portfolio, designed for accelerated computing, is strongly anchored in its IBR optical cables and bolstered with a suite of data centre-specific connectivity products like connectors, patch-cords, fibre distribution and management systems, racks, cabinets, and servers. These products include: High-density Optical Fibre cables - Celesta Ribbon cable with its Intelligently Bonded Ribbon (IBR) technology in 250-micron and 200-micron fibre. These cables utilise high-performance G.657.A2 bendinsensitive/Stellar optical fibre and feature a Low Smoke and Zero Halogen (LSZH) flame-retardant (FR) jacket. The Celesta with 6912F enables high fibre packing density in ducts, resulting in a lower TCO High-density Connectivity solutions - for establishing end-to-end connectivity. These include floormount racks, high-density MPO panels that can accommodate up to 864 fibres in 2RU and 1728 fibres in 5RU, New Pivoting Tray Drawer (nPTD), high-density LC panels, patch panels and copper connectivity solutions. Powered by Capital Market - Live