Sterlite Tech spurts on its JV commencing production of optical fiber at new Chinese facility

Sterlite Technologies Ltd. | Cable | Capital Goods & Industrial Consumables | BSE: 532374 | NSE: STLTECH

18 Feb 2013 Evaluate

Sterlite Technologies is currently trading at Rs 29.45, up by 0.90 points or 3.15% from its previous closing of Rs 28.55 on the BSE.

The scrip opened at Rs 29.00 and has touched a high and low of Rs 29.65 and Rs 28.55 respectively. So far 64957 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 46.95 on 22-Feb-2012 and a 52 week low of Rs 27.70 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs 30.50 and Rs 28.20 respectively. The current market cap of the company is Rs 1146.88 crore.

The promoters holding in the company stood at 54.70% while Institutions and Non-Institutions held 10.19% and 35.11% respectively.

Sterlite Technologies JV - Jiangsu Sterlite Tongguang Fiber Company has commenced production of optical fiber at its new facility located in Haimen, Jiangsu Province in China. Jiangsu Sterlite Tongguang Fiber Company (JSTFCL) is the joint venture (JV) company formed between Sterlite Technologies and Jiangsu Tongguang Communication Company (TGCI).

The green-field factory has been set up with an investment of around $25 million. China with a total annual demand of optical fiber of more than 100 million km is an extremely important market for Sterlite Technologies and this strategic investment will help the company establish a stronger foothold in the market.

While Sterlite brings expertise in optical fiber technology, TGCI brings significant fiber cable manufacturing expertise and market reach in China. With the benefits of extended product lines, JSTFCL would make it faster, easier and more cost-effective for utilities and service providers to build new age communication infrastructure.

Sterlite is a leading global provider of transmission solutions for the telecom and power industries, while TGCI is a China-based manufacturer of optical fiber cables as well as power transmission wires and cables.

Sterlite Tech. Share Price

564.25 17.50 (3.20%)

24-Jul-2026 16:59 View Price Chart

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