Sterlite Technologies gains on expanding partnership with Netomnia
Sterlite Technologies is currently trading at Rs. 125.30, up by 2.35 points or 1.91% from its previous closing of Rs. 122.95 on the BSE.
The scrip opened at Rs. 123.00 and has touched a high and low of Rs. 126.00 and Rs. 122.95 respectively. So far 44295 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 140.30 on 18-Aug-2025 and a 52 week low of Rs. 53.90 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 126.70 and Rs. 121.80 respectively. The current market cap of the company is Rs. 6122.05 crore.
The promoters holding in the company stood at 44.40%, while Institutions and Non-Institutions held 18.08% and 37.52% respectively.
Sterlite Technologies (STL) has expanded its long-standing partnership with Netomnia, the UK’s second-largest alternative network provider (Alt-Net). Together, the companies co-develop advanced optical solutions that underpin Netomnia’s capital efficient, future-ready full-fibre network across the UK. Netomnia is deploying a native 10 Gbps XGS-PON full-fibre network engineered for scale and efficiency. Together with YouFibre and brsk, Netomnia now serves 2.8 million premises serviceable, and around 400,000 connected premises. With an annual build rate of one million premises, Netomnia is on track to achieve three million premises serviceable by the end of 2025 and is targeting five million by the end of 2027.
With this new multi-year partnership, STL will now offer end-to-end FTTH connectivity solutions to Netomnia, including both optical fibre cables and optical connectivity solutions for faster FTTX rollouts. STL’s optical fibre cable solutions offer an impressive around 20% average area reduction, improving duct utilisation and blow performance while reducing material consumption and carbon footprint. By integrating these cutting-edge technologies, STL helps Netomnia accelerate rollout speed and reduce the total cost of ownership (TCO).
Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.
