Sterlite Technologies: Difference between revisions

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| logo = Sterlite Technologies Limited.png
| logo = Sterlite Technologies Limited.png
| logo_caption =  
| logo_caption =  
| image =  
| image = File:Sterlite_Technologies,_Waluj.jpg
| image_size =  
| image_size = 300px
| image_caption = Sterlite Technologies' plant at [[Waluj MIDC]]
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| trade_name = STL
| trade_name = STL
| traded_as = {{unbulleted list|{{BSE|532374}}|{{NSE|STRTECH}}}}
| traded_as = {{unbulleted list|{{BSE|532374}}|{{NSE|STLTECH}}}}
| ISIN = INE089C01029
| ISIN = {{ISIN|sl=n|pl=y|INE089C01029}}
| predecessor =  
| predecessor =  
| successor =  
| successor =  
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*[[Anil Agarwal (industrialist)|Anil Agarwal]]
*[[Anil Agarwal (industrialist)|Anil Agarwal]]
*Pravin Agarwal
*Pravin Agarwal
*Ankit Agarwal <br>{{small|([[Managing Director]])}} <ref>{{cite web|title=STL appoints Ankit Agarwal Managing Director|website = [[Bloomberg News]]|url=https://www.bloomberg.com/markets/stocks?blocklist=18227386|archive-date=9 October 2021|url-status=live}}</ref>
*Ankit Agarwal <br />{{small|([[Managing Director]])}} <ref>{{cite web|title=STL appoints Ankit Agarwal Managing Director|website = [[Bloomberg News]]|url=https://www.bloomberg.com/markets/stocks?blocklist=18227386}}</ref>
*K S Rao
* Paul Atkinson
* Paul Atkinson
* Chris Rice
* Praveen Cherian
* Praveen Cherian
* Raman Venkatraman}}
* Raman Venkatraman
* Tushar Shroff <br />{{small|([[Chief Financial Officer|Group Chief Financial Officer]])}}
* Manish Sinha <br />{{small|([[Chief Marketing Officer|Group Chief Marketing Officer]])}}
* Anjali Byce <br />{{small|([[Chief Human Resource Officer|Group Chief Human Resource Officer]])}}
* Badri Gomatham <br />{{small|([[Chief Technology Officer|Group Chief Technology Officer]])}}
}}
| industry = {{Unbulleted list|[[Telecommunications industry|Telecommunications]]|[[Technology company|Technology]]|[[Datacenter]]s|[[VPN|Virtualized Networks]]|[[Network equipment]]}}
| industry = {{Unbulleted list|[[Telecommunications industry|Telecommunications]]|[[Technology company|Technology]]|[[Datacenter]]s|[[VPN|Virtualized Networks]]|[[Network equipment]]}}
| genre =  
| genre =  
| products = {{plainlist|
| products = {{plainlist|
*[[Optical fiber]]
*[[Optical fiber]]
*[[Fiber optic cable]]s
*[[Fiber-optic cable]]s
*[[Structured cabling|Structured data cables]]
*[[Structured cabling|Structured data cables]]
*[[Network services]]
*Network services
*[[Network software]]
*Network software}}
*[[Access Solution]]}}
| services = Optical fibre infrastructure, passive infrastructure, access networks, metro, FTTH, wi-fi, IBS, optics & MPLS core network, enterprise services, fixed broadband, telecom software
| services = Optical fibre infrastructure, passive infrastructure, access networks, metro, FTTH, wi-fi, IBS, optics & MPLS core network, enterprise services, fixed broadband, telecom software
| foundation = {{Start date and age|1988}}<ref>{{cite web|url=https://www.sterlitetech.com/corporate-profile.pdf |title=Corporate profile |publisher=sterlitetech.com |access-date=5 October 2010}}</ref>
| foundation = {{Start date and age|1988}}<ref>{{cite web|url=https://www.sterlitetech.com/corporate-profile.pdf |title=Corporate profile |publisher=sterlitetech.com |access-date=5 October 2010}}</ref>
| location_city = [[Mumbai]], [[Maharashtra]]
| location_city = [[Pune]], [[Maharashtra]]
| location_country = India<ref>{{cite web|url=https://www.stl.tech/contact-us.php|title=Contact Us {{!}} STL Tech |publisher=stl.tech |access-date=15 December 2021}}</ref>
| location_country = India<ref>{{cite web|url=https://www.stl.tech/contact-us.php|title=Contact Us {{!}} STL Tech |publisher=stl.tech |access-date=15 December 2021}}</ref>
| revenue = {{profit}} {{INRConvert|50870|m}}<ref name="bseindia1">{{cite web|url=http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532374 |title=BSE Plus |publisher=Bseindia.com |access-date=5 October 2010}}</ref>
| revenue = {{profit}} {{INRConvert|39960|m}}<ref name="bseindia1">{{cite web|url=http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532374 |title=BSE Plus |publisher=Bseindia.com |access-date=5 October 2010}}</ref>
| operating_income = {{profit}} {{INRConvert|2461|m}}<ref name="bseindia1"/>
| operating_income = {{profit}} {{INRConvert|5662|m}}<ref name="bseindia1"/>
| net_income =  
| net_income =  
| aum =  
| aum =  
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| owner =  
| owner =  
| num_employees =  
| num_employees =  
| parent =  
| parent = [[Vedanta Limited]]
| divisions =  
| divisions =  
| subsid = ClearCom
| subsid = ClearCom
| website = {{URL|www.stl.tech}}
| rating = {{plainlist|
* [[CRISIL]] AA/Watch Long-term<ref>{{cite web | date=2023-08-24 | url=https://www.crisilratings.com/mnt/winshare/Ratings/RatingList/RatingDocs/SterliteTechnologiesLimited_August%2024,%202023_RR_326285.html | title=Rating Rationale Sterlite Technologies Limited Ratings continues on Watch Developing Rated amount enhanced for Bank Debt|access-date=2023-09-01 |website=[[CRISIL]] | language=en}}</ref>
* [[ICRA Limited|ICRA]] A1+/Reaffirmed Short-term<ref>{{cite web | date=2023-04-25 | url=https://www.icra.in/Rationale/ShowRationaleReport?Id=119539 | title=Sterlite Technologies Limited: Ratings reaffirmed |access-date=2023-09-01 |website=[[ICRA Limited]] | language=en}}</ref>
}}
| website =
| footnotes =  
| footnotes =  
| caption =  
| caption =  
}}
}}


'''Sterlite Technologies Limited''' (Formerly '''Sterlite Tech''')<ref>https://www1.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=STLTECH</ref> is an Indian [[multinational corporation|multinational]] [[technology company]], headquartered in [[Mumbai]]. It is listed on [[Bombay Stock Exchange]] and [[National Stock Exchange of India]]. It has 636<ref>{{Cite web|url=https://patents.justia.com/assignee/sterlite-technologies-limited|title = Patents Assigned to Sterlite Technologies Limited - Justia Patents Search}}</ref> patents and is active in over 150 countries. The company is specialized in [[optical fiber]] and cables, hyper-scale network design, and deployment and network software.
'''Sterlite Technologies Limited''' (formerly '''Sterlite Tech''')<ref>{{cite web |url=https://www1.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=STLTECH |title=Sterlite Technologies Limited |website=[[National Stock Exchange of India]]}}</ref> is an Indian optical and digital [[technology company]], headquartered in [[Pune]]. It is listed on [[Bombay Stock Exchange]] and [[National Stock Exchange of India]]. It has 636<ref>{{Cite web|url=https://patents.justia.com/assignee/sterlite-technologies-limited|title = Patents Assigned to Sterlite Technologies Limited – Justia Patents Search}}</ref> patents and is active in over 150 countries. The company is specialized in [[optical networking]] which consists of [[optical fiber]] and cables, hyper-scale network design, and deployment and network software.
 
== History ==
The company was founded as Sterlite Telecom Systems in March 2000, primarily engaged in the production of telecommunication cables. By August 2000, the company's name was changed to Sterlite Optical Technologies.<ref name=":0">{{Cite web |title=Latest Sterlite Technologies Ltd News, Photos, Latest News Headlines about Sterlite Technologies Ltd-The Hindu BusinessLine |url=https://www.thehindubusinessline.com/stocks/sterlite-technologies-ltd/about |access-date=2023-04-29 |website=www.thehindubusinessline.com |language=en}}</ref>
 
During the fiscal year 2005-2006, the company raised its installed capacity for Fiber Optic Cables from 1.4 million FKM to 2.4 million FKM. Additionally, in the same year, the company initiated a new project to manufacture Broadband Access Networks.<ref name=":0" />
 
Between 2006 and 2007, the company expanded its installed capacity for Copper Telecom Cables by 2 million CKM to reach a total of 9.5 million CKM. Similarly, the capacity for Fiber Optic Cables was raised by 822,528 FKM to reach 3,222,528 FKM, and the capacity for Broadband Access Networks was increased by 120,000 to reach 720,000.<ref name=":0" />
 
In 2007, the name of the company again changed to Sterlite Technologies.<ref>{{Cite web |title=Sterlite Technologie: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Sterlite Technologie - NDTV |url=https://www.ndtv.com/business |access-date=2023-04-29 |website=www.ndtv.com |language=en}}</ref>
 
== Operations ==
As of 2023, the company operates manufacturing facilities in 6 different locations, including [[Aurangabad]] and [[Pune]] in [[Maharashtra]], [[Silvassa]] in [[Dadra and Nagar Haveli|Dadra & Nagar Haveli]], and [[Haridwar]] in [[Uttarakhand]].<ref name=":0" /> It has the first optical fiber cable plant in India to receive [[zero waste]] to [[landfill]] certification<ref>{{Cite web |date=2019-03-04 |title=Sterlite Tech is 1st OFC plant in India to receive Zero Waste to Landfill certification |url=https://www.asianage.com/technology/in-other-news/040319/sterlite-tech-is-1st-ofc-plant-in-india-to-receive-zero-waste-to-landfill-certification.html |access-date=2019-09-24 |website=The Asian Age}}</ref>
 
The Aurangabad plants, located in [[Waluj MIDC]] and [[Shendra MIDC]], primarily specialize in the production of single mode optical fibers that transmit signals at 1490&nbsp;nm wavelength in compliance with internet communication standards.<ref name=":2">{{Cite thesis |last=Sardet |first=Maëlle J. |date=February 2023 |title=A Data-Driven Approach to Improve Optical Fiber Manufacturing: Focus on Core Deposition |url=https://dspace.mit.edu/handle/1721.1/150220 |website=DSpace@MIT |publisher=[[Massachusetts Institute of Technology]] |page=25|hdl=1721.1/150220 }}</ref>
 
As of 2020, STL invested in 5G assembling ecosystem as a part of [[Make in India]] initiative.<ref>{{Cite web |date=2020-07-23 |title=Sterlite Tech says investing in 5G to develop Make in India ecosystem – ET Telecom |url=https://telecom.economictimes.indiatimes.com/news/stl-says-investing-in-5g-to-develop-make-in-india-ecosystem/77128059 |website=telecom.economictimes.indiatimes.com}}</ref>
 
=== Geographical presence ===
Along with these manufacturing sites, STL has 2  development centres and 20+ sales and marketing offices across the world as of March 31, 2018, with major presence in Australia, Brazil, China, Europe (Italy), the Middle East and the United States.<ref>{{Cite web |title=Transmission Network Provider enabling Bharatnet - STL |url=https://www.stl.tech/about_us |access-date=2019-09-24 |website=stl.tech}}</ref>
 
== Research and development ==
STL researches, conceptualizes, and manufactures telecommunications and specialized optical fibers.<ref>{{Cite web |last=Aulakh |first=Gulveen |date=2022-06-14 |title=Sterlite Technologies in talks with telcos for open-RAN 5G |url=https://www.livemint.com/industry/telecom/sterlite-technologies-in-talks-with-telcos-for-open-ran-5g-11655229280385.html |access-date=2023-06-22 |website=mint |language=en}}</ref>  As per the [[Cellular Operators Association of India]], it is the sole domestic firm that has cable production standards on par with the global level through substantial investments in research and development, as well as intellectual property advancements.<ref>{{Cite book |last=Hsueh |first=Roselyn |url=https://books.google.com/books?id=GKZ3EAAAQBAJ&dq=Sterlite+Technologies&pg=PA200 |title=Micro-institutional Foundations of Capitalism |date=2022-06-30 |publisher=[[Cambridge University Press]] |isbn=978-1-108-63549-3 |pages=200 |language=en}}</ref>
 
In 2019, the company partnered with the Department of Electrical Engineering, [[Indian Institute of Technology, Madras]] by signing a memorandum of understanding (MoU) to support a 5G network research professorship. Since 2020, the professor in this position has been teaching and researching on 5G technology by combining IIT-M's research and domain knowledge with STL's industry expertise.<ref>{{Cite news |date=2019-12-10 |title=IIT-Madras partners with Sterlite Technologies for 5G research and development |work=The Times of India |url=https://timesofindia.indiatimes.com/business/india-business/iit-madras-partners-with-sterlite-technologies-for-5g-research-and-development/articleshow/72455349.cms |access-date=2023-06-22 |issn=0971-8257}}</ref><ref>{{Cite web |date=2019-12-10 |title=Sterlite Technologies, IIT Madras sign pact for advancement of 5G |url=https://www.thehindubusinessline.com/news/education/sterlite-technologies-iit-madras-sign-pact-for-advancement-of-5g/article30269096.ece |access-date=2023-06-22 |website=www.thehindubusinessline.com |language=en}}</ref>
 
During 2020, STL initiated a partnership with the Device Realization Laboratory at the [[Massachusetts Institute of Technology]] to delve into the core manufacturing process. Subsequently, in May 2022, the research focused on identifying the underlying factors contributing to fiber breaks.<ref name=":2" />
 
=== Publications ===
 
==== Case studies ====
 
* {{cite journal |last1=Sinha |first1=Abhishek |last2=Ramdas |first2=Rajani |last3=Pradeep |first3=K.V. |url=https://www.worldscientific.com/doi/abs/10.1142/S0218927522500055 |title=Sterlite Technologies Ltd.: To Buy or Not to Buy is the Question |journal=Asian Case Research Journal |date=2022 |volume=26 |issue=2 |pages=127–144 |publisher=[[Asian Case Research Journal]], [[World Scientific]]|doi=10.1142/S0218927522500055 |location=[[Singapore]] |author-link=|url-access=subscription }}
* {{cite book |last1=Sahay |first1=Arvind |url=https://sk.sagepub.com/cases/sterlite-technologies-limited-stl-from-cables-to-solution-selling |title=Sterlite Technologies Limited (STL): From Cables to Solution Selling |last2=Tiwari |first2=Tara |date=2023 |publisher=[[SAGE Publishing|Sage Knowledge]]|isbn=9781529620108 |location=[[London]] |page= |author-link=}}


STL has also partnered with other industry entities to design, build and manage such cloud-native software-defined network. It also has offices in China, US, SEA, Europe and MEA. It has facilities in [[India]], [[Italy]], [[China]] and [[Brazil]] and two software-development centres. To give a boost to Indian government make in India initiative, STL recently invested in 5G assembling an ecosystem of partners.<ref>{{Cite web|url=https://telecom.economictimes.indiatimes.com/news/stl-says-investing-in-5g-to-develop-make-in-india-ecosystem/77128059|title = Sterlite Tech says investing in 5G to develop Make in India ecosystem - ET Telecom}}</ref>
== Environmental, social, and governance ==


It has the first optical fiber cable plant in India to receive [[zero waste]] to [[landfill]] certification<ref>{{Cite web|url=https://www.asianage.com/technology/in-other-news/040319/sterlite-tech-is-1st-ofc-plant-in-india-to-receive-zero-waste-to-landfill-certification.html|title=Sterlite Tech is 1st OFC plant in India to receive Zero Waste to Landfill certification|date=2019-03-04|website=The Asian Age|access-date=2019-09-24}}</ref>
=== Carbon footprint ===
In March 2023, STL declared its adoption of the [[Science Based Targets initiative]] (SBTi) to enhance the transparency and specificity of its carbon monitoring, control, and disclosure.<ref>{{Cite web |date=2023-03-06 |title=STL announces adoption of science-based target initiatives to be net-zero by 2030 |url=https://www.cnbctv18.com/market/stocks/stl-sterlite-tech-science-based-target-initiatives-net-zero-ambition-by-2030-16103381.htm |access-date=2023-05-29 |website=cnbctv18.com |language=en}}</ref><ref name=":1">{{Cite news |last=Mishra |first=Lalatendu |date=2023-05-20 |title=Achieved 100% Zero Waste-to-Landfill stamp for production units, says Sterlite Technologies |language=en-IN |work=The Hindu |url=https://www.thehindu.com/business/achieved-100-zero-waste-to-landfill-stamp-for-production-units-says-sterlite-technologies/article66874858.ece |access-date=2023-05-29 |issn=0971-751X}}</ref> Regarding its carbon footprint, the company reported a total of 237,035 tCO2 emissions in the fiscal year 2022, encompassing Scope 1, 2, and 3 emissions.<ref name=":1" />


== Business acquisition ==
=== Wastewater management ===
In 2022, STL implemented the [[zero liquid discharge]] framework at its six manufacturing plants in Aurangabad and Silvassa, Maharashtra. The company recycled over 145,000 cubic meters of wastewater in the same fiscal year as part of this initiative. The process includes [[sewage treatment]], [[industrial wastewater treatment]], and multi-effective evaporator (MEE) plants. These operations are digitally monitored through [[SCADA]] dashboards.<ref>{{Cite web |date=2022-10-19 |title=Sterlite Technologies bags 'zero liquid discharge' certification |url=https://www.thehindubusinessline.com/companies/sterlite-technologies-bags-zero-liquid-discharge-certification/article66029920.ece |access-date=2023-05-29 |website=www.thehindubusinessline.com |language=en}}</ref>


* On 24 September 2015, Sterlite Technologies Limited acquired Elitecore Technologies in an all cash deal worth {{INR}}180 crore.<ref>{{Cite web|url=https://www.thehindubusinessline.com/info-tech/sterlite-technologies-buys-elitecore-for-rs-180-crore/article7681525.ece|title=Sterlite Technologies buys Elitecore for Rs 180 crore|website=@businessline|language=en|access-date=2020-03-25}}</ref>
== Mergers and acquisitions ==
* On 20 July 2018, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired [[Metallurgica Bresciana]] in an all cash deal worth €47 million.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/sterlite-tech-arm-completes-acquisition-of-metallurgica-bresciana/articleshow/65100540.cms|title=Sterlite Tech arm completes acquisition of Metallurgica Bresciana|date=2018-07-23|work=The Economic Times|access-date=2020-03-25}}</ref>
 
* On 24 September 2015, Sterlite Technologies Limited acquired Elitecore Technologies in an all cash deal worth {{INR}}180 crore.<ref>{{Cite web|url=https://www.thehindubusinessline.com/info-tech/sterlite-technologies-buys-elitecore-for-rs-180-crore/article7681525.ece|title=Sterlite Technologies buys Elitecore for Rs 180 crore|website=@businessline|date=23 September 2015|language=en|access-date=2020-03-25}}</ref>
* On 20 July 2018, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired Metallurgica Bresciana in an all cash deal worth €47 million.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/sterlite-tech-arm-completes-acquisition-of-metallurgica-bresciana/articleshow/65100540.cms|title=Sterlite Tech arm completes acquisition of Metallurgica Bresciana|date=2018-07-23|work=The Economic Times|access-date=2020-03-25}}</ref>
* On 26 September 2019, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired Impact Data Solutions (IDS) Group for an enterprise value of $15 million.<ref>{{Cite web|url=https://www.financialexpress.com/industry/sterlite-technologies-acquires-uk-based-ids-group/1717703/|title=Sterlite Technologies acquires UK-based IDS Group|date=2019-09-26|website=The Financial Express|language=en-US|access-date=2020-03-25}}</ref>
* On 26 September 2019, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired Impact Data Solutions (IDS) Group for an enterprise value of $15 million.<ref>{{Cite web|url=https://www.financialexpress.com/industry/sterlite-technologies-acquires-uk-based-ids-group/1717703/|title=Sterlite Technologies acquires UK-based IDS Group|date=2019-09-26|website=The Financial Express|language=en-US|access-date=2020-03-25}}</ref>
* On 9 January 2020, Sterlite Technologies Limited acquired 12.8% stake in Israel-based [[ASOCS]].<ref>{{Cite web|url=https://www.thehindubusinessline.com/markets/stock-markets/sterlite-technologies-shares-rise-350-on-stake-buy-in-israel-based-asocs/article30531186.ece|title=Sterlite Technologies shares rise 3.50% on stake buy in Israel-based ASOCS|website=@businessline|language=en|access-date=2020-03-25}}</ref>
* On 9 January 2020, Sterlite Technologies Limited acquired 12.8% stake in Israel-based [[ASOCS]].<ref>{{Cite web|url=https://www.thehindubusinessline.com/markets/stock-markets/sterlite-technologies-shares-rise-350-on-stake-buy-in-israel-based-asocs/article30531186.ece|title=Sterlite Technologies shares rise 3.50% on stake buy in Israel-based ASOCS|website=@businessline|date=10 January 2020 |language=en|access-date=2020-03-25}}</ref>
*On 2 November 2020, Sterlite technologies Limited acquired 100% stake in Optotec S.p.A, a leading optical interconnect company at an enterprise value of €29 million.
* On 2 November 2020, Sterlite Technologies Limited acquired 100% stake in Optotec S.p.A, a leading optical interconnect company at an enterprise value of €29 million.<ref>{{Cite news |date=2020-11-02 |title=Sterlite Technologies to acquire Italy-based Optotec |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/stocks/news/sterlite-technologies-to-acquire-italy-based-optotec/articleshow/79002881.cms |access-date=2023-03-23 |issn=0013-0389}}</ref>
* In June 2021,  STL acquired a UK-based network integration company, Clearcomm for £15.5 million.<ref>{{Cite web |last=Kar |first=Ayushi |date=2021-07-22 |title=Sterlite Tech to acquire UK's Clearcomm for £15.5 million |url=https://www.thehindubusinessline.com/info-tech/sterlite-tech-to-acquire-uks-clearcomm-for-155-million/article35470266.ece |access-date=2023-03-23 |website=www.thehindubusinessline.com |language=en}}</ref>


== Geographical presence ==
== Philanthropy ==
STL has 20+ sales and marketing offices, 6 manufacturing units and state of the art development centres across the world as of March 31, 2018, with major presence in India, United States, China, Brazil, Italy, Middle East and Europe<ref>{{Cite web|url=https://www.stl.tech/about_us|title=Transmission Network Provider enabling Bharatnet - STL|website=stl.tech|access-date=2019-09-24}}</ref>>
 
== Initiatives ==
'''Jeewan Jyoti Women Empowerment Programme (JJWEP)'''


=== Jeewan Jyoti Women Empowerment Programme (JJWEP) ===
In 2014, STL established the Jeewan Jyoti Women Empowerment Programme (JJWEP), to bring about gender equality, create decent work opportunities, economic growth, and thus, alleviation of poverty in several villages<ref>{{Cite web|url=http://xiaomi.dailyhunt.in/news/india/hindi/voice+and+data-epaper-voicdata/creating+value+in+everyday+life+stl+s+csr+journey-newsid-133640670?pgs=N&pgn=0&mode=wap&|title=Creating Value in Everyday Life STL's CSR Journey - VOICE and DATA {{!}} DailyHunt Lite|website=Dailyhunt|language=en|access-date=2019-09-24}}</ref>
In 2014, STL established the Jeewan Jyoti Women Empowerment Programme (JJWEP), to bring about gender equality, create decent work opportunities, economic growth, and thus, alleviation of poverty in several villages<ref>{{Cite web|url=http://xiaomi.dailyhunt.in/news/india/hindi/voice+and+data-epaper-voicdata/creating+value+in+everyday+life+stl+s+csr+journey-newsid-133640670?pgs=N&pgn=0&mode=wap&|title=Creating Value in Everyday Life STL's CSR Journey - VOICE and DATA {{!}} DailyHunt Lite|website=Dailyhunt|language=en|access-date=2019-09-24}}</ref>


'''Medical Mobile Unit (MMU)'''
=== Medical Mobile Unit (MMU) ===
STL initiated MMU programme in partnership with Indian red cross society across 24 remote villages<ref>{{Cite web|url=https://www.stl.tech/blog/sterlite-tech-magic-medical-van/|title=Sterlite Tech's Magic Medical Van|last=Admin|date=2019-02-21|website=STL Blog|language=en-US|access-date=2019-09-24}}</ref>


STL initiated MMU programme in partnership with Indian red cross society across 24 remote villages<ref>{{Cite web|url=https://www.stl.tech/blog/sterlite-tech-magic-medical-van/|title=Sterlite Tech's Magic Medical Van|last=Admin|date=2019-02-21|website=STL Blog|language=en-US|access-date=2019-09-24}}</ref>
=== STL Garv ===
In 2020, STL Garv launched [[BharatNet]]-based platform to deliver telemedicine, e-tutoring, government-to-citizen, and assisted e-commerce services in rural India.<ref>{{Cite web |title=Expanding Internet Adoption in Rural India |url=https://mitsloan.mit.edu/action-learning/expanding-internet-adoption-rural-india |access-date=2023-03-23 |website=MIT Sloan |language=en}}</ref><ref>{{Cite web |last=www.ETTelecom.com |title=Sterlite launches an industry-first digital inclusion solution 'STL Garv' - ET Telecom |url=https://telecom.economictimes.indiatimes.com/news/sterlite-launches-an-industry-first-digital-inclusion-solution-stl-garv/79205186 |access-date=2023-03-23 |website=ETTelecom.com |language=en}}</ref>


== Awards and Recognitions ==
== Awards and recognitions ==


* In 2019, STL is awarded at ET CIO annual conclave<ref>{{Cite web|url=https://cio.economictimes.indiatimes.com/news/corporate-news/winners-of-etcio-annual-conclave-2019/68351574|title=Winners of ETCIO Annual Conclave 2019 - ET CIO|last=www.ETCIO.com|website=ETCIO.com|language=en|access-date=2019-09-24}}</ref>
* In 2019, STL is awarded at [[The Economic Times]] CIO annual conclave<ref>{{Cite web|url=https://cio.economictimes.indiatimes.com/news/corporate-news/winners-of-etcio-annual-conclave-2019/68351574|title=Winners of ETCIO Annual Conclave 2019 - ET CIO|last=www.ETCIO.com|website=ETCIO.com|language=en|access-date=2019-09-24}}</ref>
* 2022, Pandit Deendayal Upadhyaya Telecom Skill Excellence Awards at [[Department of Telecommunications]]' International Quantum Communication Conclave.<ref>{{Cite web |last=www.ETTelecom.com |title=DoT-backed Quantum Communication Conclave concludes - ET Telecom |url=https://telecom.economictimes.indiatimes.com/news/industry/dot-backed-quantum-communication-conclave-concludes/99116381 |access-date=2023-07-09 |website=ETTelecom.com |language=en}}</ref>


== Controversies ==
== Controversies ==


In 2002, Sterlite Technologies Limited was the subject of a major lawsuit,<ref>[http://www.ofsoptics.com/press_room/view_press_release.php?txtID=136 www.ofsoptics.com press release]</ref> by Fitel USA, a subsidiary of [[Furukawa Electric]] charging Sterlite Technologies Limited with infringement of a number of optical fiber patents including those related to manufacturing fiber with low polarization mode dispersion. This lawsuit was settled in Jan 2010.<ref>{{Cite web|url=https://www.prnewswire.com/news-releases/ofs-and-sterlite-settle-lawsuit-81345622.html|title=OFS and Sterlite Settle Lawsuit|last=OFS|agency=PR Newswire|language=en|access-date=2019-11-04}}</ref>
In 2002, Sterlite Technologies Limited was the subject of a major lawsuit,<ref>[http://www.ofsoptics.com/press_room/view_press_release.php?txtID=136 www.ofsoptics.com press release]</ref> by Fitel USA, a subsidiary of [[Furukawa Electric]] charging Sterlite Technologies Limited with infringement of a number of optical fiber patents including those related to manufacturing fiber with low polarization mode dispersion. This lawsuit was settled in Jan 2010.<ref>{{Cite press release|url=https://www.prnewswire.com/news-releases/ofs-and-sterlite-settle-lawsuit-81345622.html|title=OFS and Sterlite Settle Lawsuit|last=OFS|agency=PR Newswire|language=en|access-date=2019-11-04}}</ref>


Sterlite Technologies Limited was cited<ref>[http://164.100.24.208/debate/debtext.asp?slno=3258&ser=&smode=]</ref> in an Indian parliamentary discussion of government purchasing irregularities.
In 2024, a district court of [[Columbia, South Carolina]] ruled that Sterlite Technologies unjustly benefited from acquiring [[Prysmian Group]]'s trade secrets and awarded $96.5 million in damages against the company.<ref>{{Cite news |date=16 August 2024 |title=US court asks Vedanta-backed Sterlite Tech to pay $96.5 mn to Prysmian |url=https://www.business-standard.com/companies/news/us-court-asks-vedanta-backed-sterlite-tech-to-pay-96-5-mn-to-prysmian-124081600831_1.html |access-date=16 August 2024 |work=[[Business Standard]]}}</ref><ref>{{Cite news |date=16 August 2024 |title=US court orders Vedanta Group-owned Sterlite Tech to pay ₹810 crore to Prysmian for violating trade secrets: Report |url=https://www.livemint.com/companies/news/us-court-orders-vedanta-group-owned-sterlite-te |access-date=16 August 2024 |work=[[Mint (newspaper)|Mint]]}}</ref>


==References==
==References==
{{reflist}}
{{reflist}}


==External links==
==External links ==
*[https://www.sec.gov/Archives/edgar/data/1370431/000114554906001634/u92827bfv1za.htm#105 Amended F-1 registration statement] for Sterlite Industries (India) Limited filed with the U.S. [[Securities and Exchange Commission]]
*[https://www.sec.gov/Archives/edgar/data/1370431/000114554906001634/u92827bfv1za.htm#105 Amended F-1 registration statement] for Sterlite Industries (India) Limited filed with the U.S. [[Securities and Exchange Commission]]


{{Vedanta Resources}}
{{Vedanta Resources}}
{{Glass makers and brands}}
{{Glass makers and brands}}
{{Telecommunication companies of India}}


[[Category:Glassmaking companies of India]]
[[Category:Glassmaking companies of India]]
[[Category:Electronics companies of India]]
[[Category:Electronics companies of India]]
[[Category:Companies based in Pune]]
[[Category:Manufacturing companies based in Gurgaon]]
[[Category:Indian companies established in 1988]]
[[Category:Indian companies established in 1988]]
[[Category:Indian brands]]
[[Category:Indian brands]]

Latest revision as of 14:45, 14 January 2026


Sterlite Technologies Limited
STL
Traded as
ISINTemplate:ISIN
Industry
Founded1988; 38 years ago (1988)[1]
Founder(s)Anil Agarwal
Headquarters
Pune, Maharashtra
,
India[2]
Area served
Worldwide
Key people
Products
ServicesOptical fibre infrastructure, passive infrastructure, access networks, metro, FTTH, wi-fi, IBS, optics & MPLS core network, enterprise services, fixed broadband, telecom software
RevenueIncrease ₹39,960 million (US$560 million)[4]
Increase ₹5,662 million (US$79 million)[4]
ParentVedanta Limited
SubsidiariesClearCom
Rating

Sterlite Technologies Limited (formerly Sterlite Tech)[7] is an Indian optical and digital technology company, headquartered in Pune. It is listed on Bombay Stock Exchange and National Stock Exchange of India. It has 636[8] patents and is active in over 150 countries. The company is specialized in optical networking which consists of optical fiber and cables, hyper-scale network design, and deployment and network software.

History[edit | edit source]

The company was founded as Sterlite Telecom Systems in March 2000, primarily engaged in the production of telecommunication cables. By August 2000, the company's name was changed to Sterlite Optical Technologies.[9]

During the fiscal year 2005-2006, the company raised its installed capacity for Fiber Optic Cables from 1.4 million FKM to 2.4 million FKM. Additionally, in the same year, the company initiated a new project to manufacture Broadband Access Networks.[9]

Between 2006 and 2007, the company expanded its installed capacity for Copper Telecom Cables by 2 million CKM to reach a total of 9.5 million CKM. Similarly, the capacity for Fiber Optic Cables was raised by 822,528 FKM to reach 3,222,528 FKM, and the capacity for Broadband Access Networks was increased by 120,000 to reach 720,000.[9]

In 2007, the name of the company again changed to Sterlite Technologies.[10]

Operations[edit | edit source]

As of 2023, the company operates manufacturing facilities in 6 different locations, including Aurangabad and Pune in Maharashtra, Silvassa in Dadra & Nagar Haveli, and Haridwar in Uttarakhand.[9] It has the first optical fiber cable plant in India to receive zero waste to landfill certification[11]

The Aurangabad plants, located in Waluj MIDC and Shendra MIDC, primarily specialize in the production of single mode optical fibers that transmit signals at 1490 nm wavelength in compliance with internet communication standards.[12]

As of 2020, STL invested in 5G assembling ecosystem as a part of Make in India initiative.[13]

Geographical presence[edit | edit source]

Along with these manufacturing sites, STL has 2 development centres and 20+ sales and marketing offices across the world as of March 31, 2018, with major presence in Australia, Brazil, China, Europe (Italy), the Middle East and the United States.[14]

Research and development[edit | edit source]

STL researches, conceptualizes, and manufactures telecommunications and specialized optical fibers.[15] As per the Cellular Operators Association of India, it is the sole domestic firm that has cable production standards on par with the global level through substantial investments in research and development, as well as intellectual property advancements.[16]

In 2019, the company partnered with the Department of Electrical Engineering, Indian Institute of Technology, Madras by signing a memorandum of understanding (MoU) to support a 5G network research professorship. Since 2020, the professor in this position has been teaching and researching on 5G technology by combining IIT-M's research and domain knowledge with STL's industry expertise.[17][18]

During 2020, STL initiated a partnership with the Device Realization Laboratory at the Massachusetts Institute of Technology to delve into the core manufacturing process. Subsequently, in May 2022, the research focused on identifying the underlying factors contributing to fiber breaks.[12]

Publications[edit | edit source]

Case studies[edit | edit source]

  • Sinha, Abhishek; Ramdas, Rajani; Pradeep, K.V. (2022). "Sterlite Technologies Ltd.: To Buy or Not to Buy is the Question". Asian Case Research Journal. 26 (2). Singapore: Asian Case Research Journal, World Scientific: 127–144. doi:10.1142/S0218927522500055.
  • Sahay, Arvind; Tiwari, Tara (2023). Sterlite Technologies Limited (STL): From Cables to Solution Selling. London: Sage Knowledge. ISBN 9781529620108.

Environmental, social, and governance[edit | edit source]

Carbon footprint[edit | edit source]

In March 2023, STL declared its adoption of the Science Based Targets initiative (SBTi) to enhance the transparency and specificity of its carbon monitoring, control, and disclosure.[19][20] Regarding its carbon footprint, the company reported a total of 237,035 tCO2 emissions in the fiscal year 2022, encompassing Scope 1, 2, and 3 emissions.[20]

Wastewater management[edit | edit source]

In 2022, STL implemented the zero liquid discharge framework at its six manufacturing plants in Aurangabad and Silvassa, Maharashtra. The company recycled over 145,000 cubic meters of wastewater in the same fiscal year as part of this initiative. The process includes sewage treatment, industrial wastewater treatment, and multi-effective evaporator (MEE) plants. These operations are digitally monitored through SCADA dashboards.[21]

Mergers and acquisitions[edit | edit source]

  • On 24 September 2015, Sterlite Technologies Limited acquired Elitecore Technologies in an all cash deal worth ₹180 crore.[22]
  • On 20 July 2018, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired Metallurgica Bresciana in an all cash deal worth €47 million.[23]
  • On 26 September 2019, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired Impact Data Solutions (IDS) Group for an enterprise value of $15 million.[24]
  • On 9 January 2020, Sterlite Technologies Limited acquired 12.8% stake in Israel-based ASOCS.[25]
  • On 2 November 2020, Sterlite Technologies Limited acquired 100% stake in Optotec S.p.A, a leading optical interconnect company at an enterprise value of €29 million.[26]
  • In June 2021, STL acquired a UK-based network integration company, Clearcomm for £15.5 million.[27]

Philanthropy[edit | edit source]

Jeewan Jyoti Women Empowerment Programme (JJWEP)[edit | edit source]

In 2014, STL established the Jeewan Jyoti Women Empowerment Programme (JJWEP), to bring about gender equality, create decent work opportunities, economic growth, and thus, alleviation of poverty in several villages[28]

Medical Mobile Unit (MMU)[edit | edit source]

STL initiated MMU programme in partnership with Indian red cross society across 24 remote villages[29]

STL Garv[edit | edit source]

In 2020, STL Garv launched BharatNet-based platform to deliver telemedicine, e-tutoring, government-to-citizen, and assisted e-commerce services in rural India.[30][31]

Awards and recognitions[edit | edit source]

Controversies[edit | edit source]

In 2002, Sterlite Technologies Limited was the subject of a major lawsuit,[34] by Fitel USA, a subsidiary of Furukawa Electric charging Sterlite Technologies Limited with infringement of a number of optical fiber patents including those related to manufacturing fiber with low polarization mode dispersion. This lawsuit was settled in Jan 2010.[35]

In 2024, a district court of Columbia, South Carolina ruled that Sterlite Technologies unjustly benefited from acquiring Prysmian Group's trade secrets and awarded $96.5 million in damages against the company.[36][37]

References[edit | edit source]

  1. ↑ "Corporate profile" (PDF). sterlitetech.com. Retrieved 5 October 2010.
  2. ↑ "Contact Us | STL Tech". stl.tech. Retrieved 15 December 2021.
  3. ↑ "STL appoints Ankit Agarwal Managing Director". Bloomberg News.
  4. ↑ 4.0 4.1 "BSE Plus". Bseindia.com. Retrieved 5 October 2010.
  5. ↑ "Rating Rationale Sterlite Technologies Limited Ratings continues on Watch Developing Rated amount enhanced for Bank Debt". CRISIL. 24 August 2023. Retrieved 1 September 2023.
  6. ↑ "Sterlite Technologies Limited: Ratings reaffirmed". ICRA Limited. 25 April 2023. Retrieved 1 September 2023.
  7. ↑ "Sterlite Technologies Limited". National Stock Exchange of India.
  8. ↑ "Patents Assigned to Sterlite Technologies Limited – Justia Patents Search".
  9. ↑ 9.0 9.1 9.2 9.3 "Latest Sterlite Technologies Ltd News, Photos, Latest News Headlines about Sterlite Technologies Ltd-The Hindu BusinessLine". www.thehindubusinessline.com. Retrieved 29 April 2023.
  10. ↑ "Sterlite Technologie: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Sterlite Technologie - NDTV". www.ndtv.com. Retrieved 29 April 2023.
  11. ↑ "Sterlite Tech is 1st OFC plant in India to receive Zero Waste to Landfill certification". The Asian Age. 4 March 2019. Retrieved 24 September 2019.
  12. ↑ 12.0 12.1 Sardet, Maëlle J. (February 2023). A Data-Driven Approach to Improve Optical Fiber Manufacturing: Focus on Core Deposition. DSpace@MIT (Thesis). Massachusetts Institute of Technology. p. 25. hdl:1721.1/150220.
  13. ↑ "Sterlite Tech says investing in 5G to develop Make in India ecosystem – ET Telecom". telecom.economictimes.indiatimes.com. 23 July 2020.
  14. ↑ "Transmission Network Provider enabling Bharatnet - STL". stl.tech. Retrieved 24 September 2019.
  15. ↑ Aulakh, Gulveen (14 June 2022). "Sterlite Technologies in talks with telcos for open-RAN 5G". mint. Retrieved 22 June 2023.
  16. ↑ Hsueh, Roselyn (30 June 2022). Micro-institutional Foundations of Capitalism. Cambridge University Press. p. 200. ISBN 978-1-108-63549-3.
  17. ↑ "IIT-Madras partners with Sterlite Technologies for 5G research and development". The Times of India. 10 December 2019. ISSN 0971-8257. Retrieved 22 June 2023.
  18. ↑ "Sterlite Technologies, IIT Madras sign pact for advancement of 5G". www.thehindubusinessline.com. 10 December 2019. Retrieved 22 June 2023.
  19. ↑ "STL announces adoption of science-based target initiatives to be net-zero by 2030". cnbctv18.com. 6 March 2023. Retrieved 29 May 2023.
  20. ↑ 20.0 20.1 Mishra, Lalatendu (20 May 2023). "Achieved 100% Zero Waste-to-Landfill stamp for production units, says Sterlite Technologies". The Hindu. ISSN 0971-751X. Retrieved 29 May 2023.
  21. ↑ "Sterlite Technologies bags 'zero liquid discharge' certification". www.thehindubusinessline.com. 19 October 2022. Retrieved 29 May 2023.
  22. ↑ "Sterlite Technologies buys Elitecore for Rs 180 crore". @businessline. 23 September 2015. Retrieved 25 March 2020.
  23. ↑ "Sterlite Tech arm completes acquisition of Metallurgica Bresciana". The Economic Times. 23 July 2018. Retrieved 25 March 2020.
  24. ↑ "Sterlite Technologies acquires UK-based IDS Group". The Financial Express. 26 September 2019. Retrieved 25 March 2020.
  25. ↑ "Sterlite Technologies shares rise 3.50% on stake buy in Israel-based ASOCS". @businessline. 10 January 2020. Retrieved 25 March 2020.
  26. ↑ "Sterlite Technologies to acquire Italy-based Optotec". The Economic Times. 2 November 2020. ISSN 0013-0389. Retrieved 23 March 2023.
  27. ↑ Kar, Ayushi (22 July 2021). "Sterlite Tech to acquire UK's Clearcomm for £15.5 million". www.thehindubusinessline.com. Retrieved 23 March 2023.
  28. ↑ "Creating Value in Everyday Life STL's CSR Journey - VOICE and DATA | DailyHunt Lite". Dailyhunt. Retrieved 24 September 2019.
  29. ↑ Admin (21 February 2019). "Sterlite Tech's Magic Medical Van". STL Blog. Retrieved 24 September 2019.
  30. ↑ "Expanding Internet Adoption in Rural India". MIT Sloan. Retrieved 23 March 2023.
  31. ↑ www.ETTelecom.com. "Sterlite launches an industry-first digital inclusion solution 'STL Garv' - ET Telecom". ETTelecom.com. Retrieved 23 March 2023.
  32. ↑ www.ETCIO.com. "Winners of ETCIO Annual Conclave 2019 - ET CIO". ETCIO.com. Retrieved 24 September 2019.
  33. ↑ www.ETTelecom.com. "DoT-backed Quantum Communication Conclave concludes - ET Telecom". ETTelecom.com. Retrieved 9 July 2023.
  34. ↑ www.ofsoptics.com press release
  35. ↑ OFS. "OFS and Sterlite Settle Lawsuit" (Press release). PR Newswire. Retrieved 4 November 2019.
  36. ↑ "US court asks Vedanta-backed Sterlite Tech to pay $96.5 mn to Prysmian". Business Standard. 16 August 2024. Retrieved 16 August 2024.
  37. ↑ "US court orders Vedanta Group-owned Sterlite Tech to pay ₹810 crore to Prysmian for violating trade secrets: Report". Mint. 16 August 2024. Retrieved 16 August 2024.

External links[edit | edit source]

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