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Sterlite Technologies to spend Rs 900 crore over the next one year

03 Nov 2014 Evaluate

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.

Sterlite Tech. Share Price

551.25 26.25 (5.00%)
09-Jul-2026 16:59 View Price Chart
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