Breaking News

You are here » Indian-Commodity  :  Top News  :  Sterlite Technologies to double optical fibre cable solutions capacity

15-Sep2018

Sterlite Technologies to double optical fibre cable solutions capacity

Sterlite Technologies will be making an addition of 15 million fibre km to its optical fibre cabling capacity, doubling it to 33 million fibre km. This expansion will place the company among the top integrated optical fibre and cabling technology providers globally.

The company's Board of Directors has approved Rs 320 crore capital expenditure for this expansion, which will be financed through a mix of internal accruals and debt. The enhanced capacity is expected to come on-line by June 2020 in a phased manner. This expansion was approved by the Board of Directors of the Company at its meeting held on September 14, 2018.

Sterlite Technologies is a global technology leader that designs, builds and manages smarter digital networks. Sterlite Tech engages with customers in more than 100 countries, with a digital web-scale offering across products, services and software.



Related News

View all news

Gold futures settle higher on Wednesday

Gold futures settled higher on Wednesday, due to easing dollar index amid latest round of tariffs by China and the United States. However, the 'modest risk aversion' attitude in the world marketplace capped......

Physical Rubber prices witness weakness on Wednesday

Physical Rubber prices showed weakness on Wednesday. Spot prices for RSS-4 variety fell to Rs 129.00/ kg compared to its previous closing of Rs 129.50/ kg; while the RSS-5 variety declined to Rs 124.50/......

Copper futures end nearly flat on Wednesday

Copper futures ended nearly flat on Wednesday as traders weighed the latest moves in the trade battle between United States and China. Though, weaker dollar against some major basket of currencies capped......

Top News

View all news

TCS iON enters into strategic business partnership with The Training Room

Tata Consultancy Services' (TCS) strategic business unit TCS iON has entered into a strategic business partnership with The Training Room, a leading UK provider of technical training courses and careers......

IGL plans to add 60 CNG stations, give 2 lakh connections in FY19

Indraprastha Gas (IGL) is planning to add a record 60 CNG dispensing stations and give piped cooking gas connections to at least 2 lakh households this fiscal as it steps up efforts to achieve the government's......

RCF to begin work on coal gasification based fertilizer plant at Talcher: Report

Rashtriya Chemicals and Fertilizers (RCF) will reportedly commence work on the coal gasification based fertilizer plant at Talcher in state of Odisha. The company has got approval for equity investment......