Sterlite Technologies: Sterlite Tech has just got a shot in the arm from Airtel

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While India contributes 66% to its revenue, the company also has a presence overseas with focus on top 20 global clients. Over half of the clients are telecom companies.

Synopsis

Sterlite Technologies has rapidly upgraded its business from manufacturing optical fibre cables to providing integrated digital network solutions.

ET Intelligence Group: Shares of Sterlite Technologies gained nearly 4% on Wednesday after the company received an order from Bharti Airtel to build an optical fibre network across 10 telecom circles in the country. While the deal size was not disclosed, the Sterlite management told ET that this is an end-to-end order consisting of products and services and will contribute nearly 10% to the company’s revenue in the second half of FY21 with

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