Sterlite Technologies inches up on entering into AI-led Data Centre segment with integrated optical portfolio
Sterlite Technologies is currently trading at Rs. 123.90, up by 0.35 points or 0.28% from its previous closing of Rs. 123.55 on the BSE.
The scrip opened at Rs. 124.90 and has touched a high and low of Rs. 124.90 and Rs. 123.40 respectively. So far 13766 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 170.00 on 20-Oct-2023 and a 52 week low of Rs. 109.80 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 128.45 and Rs. 119.05 respectively. The current market cap of the company is Rs. 6026.14 crore.
The promoters holding in the company stood at 44.18%, while Institutions and Non-Institutions held 19.50% and 36.32% respectively.
Sterlite Technologies (STL) has entered into the AI-led Data Centre segment with a full-fledged demonstration of its integrated Optical cable, connectivity and interconnect offerings at the India Mobile Congress 2024. As a homegrown, globally recognised Optical expert, STL has developed a sophisticated, integrated portfolio to cater to the unique cabling needs of GPU-dense data centres. Optical fibre cabling in AI data centres must deliver high bandwidth, low latency, and high density to meet the volume and complexity of AI workloads.
STL’s Intelligently Bonded Ribbon (IBR) cable technology is the engine behind fibre densification in AI data centres. STL was the second in the world and the first in India to offer mainstream high-density IBR optical products. The company’s flagship AI-DC portfolio, designed for accelerated computing, is strongly anchored in its IBR optical cables and bolstered with a suite of data centre-specific connectivity products like connectors, patch-cords, fibre distribution and management systems, racks, cabinets, and servers.
Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.