Sterlite Technologies Ltd
NSE: STLTECH BSE: 532374
₹826.65
+25.80 (3.22%)
Sat, 31 Oct 2026, 02:49 pm
Market Cap (in Cr)42615.36
PE Ratio59.51
Dividend0
Technology Services
Information Technology Services
24.5KSterlite Technologies Ltd Company History
1988
- Started copper telecom cables facility.
1992
- Started fiber optic cables facility.
1995
- Started optical fiber facility.
1997
- Expanded optical fiber capacity to 1 million km.
2000
- Demerger of telecom business from Sterlite Industries Limited.
- Incorporated Sterlite Optical Technologies Limited.
2001
- Allotted 5,59,12,559 equity shares of Rs 5 face value per demerger scheme.
- Signed MoU with General Cable Corporation for 50:50 JV in US for optical fibre cable.
- CRISIL assigned P1+ rating to Rs 150 crore commercial paper programme.
- Allotted 79,996 equity shares under ESOP scheme.
2002
- Expanded optical fiber capacity to 4 million km.
- Opened offices in China and United Kingdom.
- Shifted office to 7 Kirol Road, Vidyavihar West, Mumbai.
2004
- Started structured data cables facility.
- Recognized as top telecom cables company in India.
2005
- Recognized as top telecom cables company in India.
- Delisted securities from Delhi Stock Exchange effective January 20.
2006
- Acquired power transmission business from Sterlite Industries Ltd.
- Commenced telecom integration and managed services business.
- Opened offices in Thailand, Russia, and UAE.
- Received ELCINA Award.
2007
- Expanded optical fiber capacity to 6 million km.
- Expanded power conductor capacity to 115,000 MT.
- Changed name to Sterlite Technologies Limited.
- Opened office in South Africa.
- Launched Sterlite BEND-LITE (E) single mode optical fiber for FTTx.
- Won Ramkrishna Bajaj National Quality Award Certificate of Merit.
2008
- Opened office in USA.
- Won US$ 17.5 million contract from EEPCo, Ethiopia.
- Won Deloitte Technology Fast 500 Asia Pacific.
- Won TEMA National Telecom Award for Excellence in Exports.
2009
- Expanded optical fiber capacity to 12 million km.
- Expanded fiber optic cable capacity to 6 million km.
- Expanded power conductor capacity to 160,000 MT.
- Won Rs 372 crore BSNL contract.
- Won Asia Pacific Entrepreneurship Award (India).
2010
- Won first mega independent power transmission project.
- Recommended final dividend of 25% (Rs 0.50 per Rs 2 share).
- Issued bonus shares in 1:1 ratio.
- Split face value of shares from Rs 5 to Rs 2.
2011
- To develop 765kV transmission system.
- Chosen to enhance network for higher education promotion in India.
- Power conductors selected for high voltage and green energy transmission systems.
- Bagged Rs 114 crore contract from BSNL.
2012
- Signed financial agreements for two grid projects.
- Recommended final dividend of 15% (Rs 0.30 per Rs 2 share).
2013
- Received new orders worth Rs 630 crore.
- Launched enhanced family of bend-insensitive fibers.
- Entered joint venture with Conduspar Condutores Eletricos for optical fiber cable manufacturing in Brazil.
- Sterlite Grid won two more power transmission projects.
2014
- Sterlite Grid commissioned two lines and two substations of Bhopal-Dhule Transmission project.
- Sterlite Grid awarded power transmission project to deliver over 1000 MW from Punjab to Kashmir Valley.
- Sterlite Grid completed India's first Ultra Mega Power Transmission Project.
- Entered joint venture with VISCAS to manufacture extra high voltage cables in India.
- To implement end-to-end optical fiber network rollout for defense services.
- Successfully tested multi-terabit data transmission over long haul network.
2015
- Sterlite Grid announced refinancing of India's first Ultra Mega Transmission Project ENICL.
- Ericsson partnered with Sterlite for smart city initiatives.
- Commissioned first 765 kV transmission project in private sector.
- Planned LCD manufacturing plant.
- Jabalpur Transmission Project to boost power access.
- Acquired telecom software company Elitecore.
- Shifted registered office to E1, MIDC Industrial Area, Waluj, Aurangabad.
- Sterlite Grid and Burns & McDonnell joined for engineering and construction in power transmission.
2016
- Won second smart city project in Jaipur.
- Launched Sterlite Academy.
- Featured among 100 Best Companies to Work for Women in India.
- Won Telecom Leadership Forum Awards for transforming broadband infrastructure.
- Won 2 Frost & Sullivan Awards.
2017
- Won CII-ITC Sustainability Award for Excellence in Corporate Social Responsibility.
- Won Aegis Graham Bell Award for Innovation in Telecom Infra.
- Unveiled 1152 F variant cables at IMC 2017.
- Bagged Golden Peacock Award.
- Launched high-speed 5G ready network solution.
2018
- Won new order, shares zoomed 10%.
- Bagged order from Indian Navy.
- Won MahaNet citizen network project in Maharashtra.
- Arm completed acquisition of Metallurgica Bresciana.
2019
- Acquired European data centre design and deployment company.
- STL Academy created ecosystem for deploying complex optical fibre networks.
- Launched disruptive portfolio of software products for CSPs.
- Completed Kakinada Smart City project.
2020
- Bagged Rs 1,800 crore project from Telangana.
- Signed agreement to acquire 100% stake in Optotec S.p.A.
- Awarded Rs 1,100 crore work order for Phase 1 of project.
- Associated with T-Fiber.
2021
- Collaborated with Openreach.
- Partnered with Australia-based Vocus Group.
- Launched Accellus, flagship solution for 5G-ready networks.
- Completed acquisition of Optotec S.p.A.
2022
- Partnered with American India Foundation to launch DEIL Program for 300,000 beneficiaries.
- Unveiled end-to-end 5G Enterprise solution with VMware and ASOCS at MWC 2022.
- Won INR 170 crore deal for Unified Network Management System for PGCIL.
- Partnered with UK's Netomnia to fiberise multiple cities.
- Collaborated with Analog Devices to build Open RAN 5G radio units.
- Collaborated with Vocus Group for Australia project.
- Launched optical connectivity solutions for 5G deployment in India.
- Signed Rs 250 crore multi-year deal with Indian telecom operator.
2023
- Unveiled world's first eco-labelled optical products range at IMC 2023.
- Optical products testing labs rated highest by NABL and TEC.
- Prepared for cost-efficient MTCTE testing of optical fibre products.
2024
- STL Digital received SAP APJ Partner Excellence Award 2024 for Top New Cloud Partnership.
- STL Digital awarded orders worth INR 900 crore for integrated optical solutions to leading service providers.
- STL won INR 2600 crore BharatNet project in Jammu and Kashmir.
