16-10-2023 10:56 AM | Source: Accord Fintech
Sterlite Technologies gains on expanding Enterprise Networking solution portfolio with launch of Estelan

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Sterlite Technologies is currently trading at Rs. 161.20, up by 1.50 points or 0.94% from its previous closing of Rs. 159.70 on the BSE.

The scrip opened at Rs. 160.95 and has touched a high and low of Rs. 162.05 and Rs. 160.60 respectively. So far 18958 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 192.95 on 19-Dec-2022 and a 52 week low of Rs. 142.00 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 164.10 and Rs. 153.10 respectively. The current market cap of the company is Rs. 6372.13 crore.

The promoters holding in the company stood at 54.05%, while Institutions and Non-Institutions held 9.16% and 36.80% respectively.

Sterlite Technologies (STL) has expanded its Enterprise Networking solutions portfolio with the launch of Estelan. Estelan, an end-to-end solution in fibre and copper cable connectivity, enables enterprises to modernise and digitise their large-scale network infrastructure.

Global enterprises will spend $3.4 trillion by 2026 in cloud services, cybersecurity, AI applications, robotics process automation, and Industry 4.0 to create new value sources through digital products and experiences. These digital transformation use cases require an overhaul of enterprise connectivity infrastructure to integrate power and data. Estelan is an end-to-end enterprise connectivity solution that combines in-office and optical connectivity infrastructure. Its plug-and-play modular system is designed for easy installation and system upgrades and can handle multiple network ports.

These solutions follow the highest health and safety standards and are certified by leading industry bodies like RoHS, ETL, UL, and CPR. STL’s Estelan solution is tailored to suit the needs of multiple industries and offers high flexibility and scalability for their operational environment requirements, be it healthcare, education, retail, banking, oil and gas, and others. With Estelan, enterprises can achieve superior data transmission, upwards of 1000MHz bandwidth and 10Gbps speeds. These solutions have also been designed and developed with sustainable manufacturing practices, high optimisation, and minimal wastage. This comprehensive solution enables use cases like multi-service premise connectivity, enterprise networking, Wi-Fi, surveillance, Intelligent building management and Power over Ethernet for up to 90W applications. 

Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.