₹ 300 cr in capacity expansion

By OEM Update Editorial December 30, 2020 4:37 pm IST

Sterlite Technologies (STL) is planning to spend at least ₹ 300 crore to boost its optic fibre cable production capacity.

The company is looking to tap into demand for the product expected to rise to nearly 25 million fibre km by 2022, given its high-speed data connectivity and 5G networks.

STL’s investment will help increase its annual capacity for optical fibre cable production from 18 million to 33 million fibre km as telecom service providers have stepped up investments in digital network infrastructure.

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