Sterlite Technologies zooms on adding new orders worth Rs 1,500 crore

20 Feb 2020

Sterlite Technologies is currently trading at Rs. 117.15, up by 6.15 points or 5.54% from its previous closing of Rs. 111.00 on the BSE.

The scrip opened at Rs. 119.00 and has touched a high and low of Rs. 119.00 and Rs. 115.80 respectively. So far 63465 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 279.25 on 12-Mar-2019 and a 52 week low of Rs. 96.65 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 119.40 and Rs. 108.20 respectively. The current market cap of the company is Rs. 4483.50 crore.

The promoters holding in the company stood at 53.65%, while Institutions and Non-Institutions held 11.06% and 35.30% respectively.

Sterlite Technologies (STL) has added new orders of Rs 1,500 crore as it sets off 2020 to a great start. These orders have ranged from continued business development in its core areas of optical connectivity solutions and network services to emerging areas suchp as software virtualization. As STL has strategically invested in these markets it has disproportionately benefited by this acceleration, driving over 65% of connectivity revenues from these international geographies.

A key element of this resurgence is the preference for solutions providers that have comprehensive experience in designing, building and managing hyperscale data networks. This trend confirms company’s strategic approach to build end-to-end network capability – from optical connectivity, to network design, deployment and software virtualization. The upcoming new projects demonstrate the full range of network use cases.

Sterlite Technologies is a global technology leader that designs, builds and manages smarter digital networks. Sterlite Tech engages with customers in more than 100 countries, with a digital web-scale offering across products, services and software.

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