Sterlite Technologies is planning to invest up to Rs 400 crore on capacity expansion as it targets a major part of the Rs 72,000-crore BharatNet project. National Optical Fibre Network (NOFN) or BharatNet, which forms the backbone of the Digital India initiative, seeks to connect 2.5 lakhgram panchayats with high speed broadband by December 2017. The project cost is estimated to be around Rs 72,778 crore.
Indian optic fibre demand till date is at around 14-15 million km. The company already has a capacity of about 22million km, which it is going to take it in stages to 30 million km. The company has put in close to Rs 600 crore. Over the next few years it will invest another Rs 300-400 crore in Sterlite.
Sterlite Technologies develops & delivers products, solutions and infrastructure for telecom & power transmission networks, globally.
