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 Sterlite Technologies' plant atWaluj MIDC | |
| STL | |
| Company type | Public |
| ISIN | INE089C01029 |
| Industry | |
| Founded | 1988; 38 years ago (1988)[1] |
| Founder | Anil Agarwal |
| Headquarters | , India[2] |
Area served | Worldwide |
Key people |
|
| Products |
|
| Services | Optical fibre infrastructure, passive infrastructure, access networks, metro, FTTH, wi-fi, IBS, optics & MPLS core network, enterprise services, fixed broadband, telecom software |
| Revenue |  ₹39,960 million (US$470 million)[4] |
| ₹5,662 million (US$67 million)[4] | |
| Parent | Vedanta Limited |
| Subsidiaries | ClearCom |
| Rating | |
Sterlite Technologies Limited (formerlySterlite Tech)[7] is an Indian optical and digitaltechnology company, headquartered inPune. It is listed onBombay Stock Exchange andNational Stock Exchange of India. It has 636[8] patents and is active in over 150 countries. The company is specialized inoptical networking which consists ofoptical fiber and cables, hyper-scale network design, and deployment and network software.
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]
As of 2023, the company operates manufacturing facilities in 6 different locations, includingAurangabad andPune inMaharashtra,Silvassa inDadra & Nagar Haveli, andHaridwar inUttarakhand.[9] It has the first optical fiber cable plant in India to receivezero waste tolandfill certification[11]
The Aurangabad plants, located inWaluj MIDC andShendra 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 ofMake in India initiative.[13]
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]
STL researches, conceptualizes, and manufactures telecommunications and specialized optical fibers.[15] As per theCellular 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 theMassachusetts 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]
In March 2023, STL declared its adoption of theScience 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]
In 2022, STL implemented thezero 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 includessewage treatment,industrial wastewater treatment, and multi-effective evaporator (MEE) plants. These operations are digitally monitored throughSCADA dashboards.[21]
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]
STL initiated MMU programme in partnership with Indian red cross society across 24 remote villages[29]
In 2020, STL Garv launchedBharatNet-based platform to deliver telemedicine, e-tutoring, government-to-citizen, and assisted e-commerce services in rural India.[30][31]
In 2002, Sterlite Technologies Limited was the subject of a major lawsuit,[34] by Fitel USA, a subsidiary ofFurukawa 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 ofColumbia, South Carolina ruled that Sterlite Technologies unjustly benefited from acquiringPrysmian Group's trade secrets and awarded $96.5 million in damages against the company.[36][37]
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