Sterlite Technologies, which is into heavy electrical equipment in the power and telecom sectors, is planning to invest Rs 8,000 crore till FY19 and it will invest Rs 800-900 crore over the next one year as part of the same plan.
The company is undertaking multiple projects as part of an eight-year plan, which will be implemented as part of the capex plan. The company, which is 55 per cent owned by a holding company owned by mining and resources major Vedanta Group, will raise around three-fourths of the capital requirement by raising debt, while the rest will be equity.
Recently, the company reported a marginal increase in the September quarter net income at Rs. 13 crore as against Rs 12 crore in the year-ago period. The profit growth has been restricted by interest payment of Rs 42 crore during the quarter as against Rs 16 crore a year ago.
Sterlite Technologies develops & delivers products, solutions and infrastructure for telecom & power transmission networks, globally.
