Cherian will be relieved effective close of business hours of 31 January 2025. Meanwhile, Amit Deshpande, AVP-general counsel & company secretary (key managerial personnel), has tendered his resignation to pursue opportunities outside of the company. Deshpande will be relieved effective close of business hours of 31 January 2025. The company appreciates the contributions made by Praveen Cherian and Amit Deshpande in their respective roles and wishes them all the best for their future endeavours, it added. 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. Shares of Sterlite Technologies shed 0.30% to Rs 115.50 on the BSE.Powered by Capital Market - Live

STL Digital, an IT Services and Consulting Company (a wholly-owned subsidiary of Sterlite Technologies), announced the successful deployment of RISE with SAP S/4HANA Cloud for eight Vedanta companies (Hindustan Zinc, Sterlite Copper, Cairn Oil & Gas, Sesa Goa Iron Ore, Vedanta Aluminium, Vedanta Zinc International, ESL Steel, Vedanta Corporate), globally. Vedanta, a globally diversified natural resources, energy, and technology conglomerate, prioritizes operational excellence, timely execution of growth projects, and environmental sustainability. In line with these objectives, Vedanta initiated the internally code-named VRISE (Vedanta RISE) program to enhance synergy, efficiency, and visibility in operations. STL Digital supported Vedanta in this transformation journey to consolidate its SAP platforms onto a single cloud platform across the entire group, laying the groundwork for future transformations and shared operations. In collaboration with SAP, STL Digital executed the ambitious VRISE program, transforming Vedanta's eight business units serving over 15,000 users, onto the RISE with SAP S/4HANA Cloud platform. Critical business integration scenarios were transformed, making this one of the largest RISE with SAP transformation initiatives in the metals, mining, and oil & gas industry. The entire transformation was completed within a record time of 6.5 months, setting a benchmark for this scale and complexity.Powered by Capital Market - Live

Sterlite Technologies has received reaffirmation in credit ratings from CRISIL as under: Total Bank Loan Facilities Rated - Rs.5767 crore Long Term Rating - CRISIL AA-/Watch Developing (Continues on 'Rating Watch with Developing Implications') Rs. 490 crore Non-convertible Debentures - CRISIL AA-/Watch Developing (Continues on 'Rating Watch with Developing Implications') Rs.800 crore Commercial Paper CRISIL A1+/Watch Developing (Continues on 'Rating Watch with Developing Implications'Powered by Capital Market - Live

Sterlite Technologies announced Rahul Puri's promotion to Chief Executive Officer (CEO), of the Optical Networking Business (ONB), effective immediately. Rahul has been serving as the Vice President and General Manager - EMEIA & APAC. Powered by Capital Market - Live

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