Sterlite

Sterlite Technologies Limited is a global leader in end-to-end data network solutions. The
Company designs and deploys high-capacity converged fibre and wireless networks. With
expertise ranging from optical fibre and cables hyper-scale network design and deployment and
network software the Company is the industry's leading integrated solutions provider for global
data networks. Besides it partners with global telecom companies cloud companies citizen
networks and large enterprises to design build and manage such cloud-native software-defined
networks. Sterlite Optical Technologies Ltd was incorporated on 24 March 2000 under the name
of Sterlite Telecom Systems Ltd. It was formed after the demerger of the telecom business from
Sterlite Industries (India) with effect from July 1 2000 to enable sharper focus on each of the
businesses. On 21 August 2000 the Company's name was changed from Sterlite Telecom
Systems Ltd to Sterlite Optical Technologies Ltd. The company has its manufacturing facilities
at Aurangabad and Pune in Maharashtra Silvassa in Dadra & Nagar Haveli and Haridwar in
Uttarakhand. In the year 2004-05 Sterlite Telecables Ltd a wholly owned subsidiary company
merged with another wholly owned subsidiary company called Sterlite Telelink Ltd. Also in the
same year the company has launched their three new products which are especially designed for
Access and Premise Network. In the year 2005-06 the company has launched six new products
for Access Premise & Fibre-to-the-Home applications. In the year 2005-2006 the company has
increased the installed capacity for Fiber Optic Cables by 1400000 FKM to 2400000 FKM. Also
in the same year they stared a new project of producing Broadband Access Network. On July
2006 the company acquired the Power Transmission Line division from Sterlite Industries
(India) Ltd for a consideration of Rs.1485 million. In the same year the company's two wholly
owned subsidiaries namely Sterlite Telecom Ltd and Sterlite Telelink Ltd had merged with the
Parent Company. In the year 2006-2007 the company has increased the installed capacity for
Copper Telecom Cables by 2000000 CKM to 9500000 CKM for Fiber Optic Cables by 822528
FKM to 3222528 FKM and for Broadband Access Networks they increase the numbers by
120000 to 720000. Also the company has introduced two new products namely Sterlite DOF-
LITE TM ITU-TG.655 D and E range optical products for access networks and Sterlite ADSL
2+ wireless and wireline modems for broadband applications. Deloitte has nominated Sterlite
Optical Technologies as the 6th Fastest Growing Technologies Company in India and 73rd
Fastest Growing Technology Company in Asia-Pacific in 2006. The company was also among
the winners of Deloitte Technology Fast 50 India & Fast 500 Asia Pacific awards for 2005.In the
year 2007 the company acquired 58.70% holding in Sterlite Infrastructure Private Ltd and thus it
becomes a subsidiary of the Sterlite Optical Technologies Ltd. On July 2007 the company got its
present name Sterlite Technologies Ltd. The company has decided to expand the manufacturing
capacity of optical fiber at Aurangabad in Maharashtra to 12 million Km from 6 million km.
During FY14 Jiangsu Sterlite Tongguang Fiber Co. Ltd. (JSTFCL) the company joint venture
with Tongguang Group of China commenced commercial production and achieved 90% capacity
utilization. JSTFCL was formed to set up an Optical Fiber Manufacturing Facility in China.
During FY14 the company's subsidiary Sterlite Display Technologies Private Limited (SDTPL)
acquired two mega power transmission projects to establish the Transmission System for Eastern
Region System Strengthening Scheme-VII and Part ATS of RAPP U-7&8 in Rajasthan. During
the year 2014 the company raised Rs. 250 Crores as long term debt by issuing Secured Rated
Listed Redeemable Non-Convertible Debentures (NCDs).