Sterlite Technologies soars on partnering with Wyre to develop optical solutions for FTTH network
Sterlite Technologies is currently trading at Rs. 83.18, up by 2.36 points or 2.92% from its previous closing of Rs. 80.82 on the BSE.
The scrip opened at Rs. 80.40 and has touched a high and low of Rs. 84.28 and Rs. 80.40 respectively. So far 365214 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 155.25 on 30-Jul-2024 and a 52 week low of Rs. 77.50 on 17-Mar-2025.
Last one week high and low of the scrip stood at Rs. 89.66 and Rs. 80.50 respectively. The current market cap of the company is Rs. 4059.99 crore.
The promoters holding in the company stood at 44.17 % while Institutions and Non-Institutions held 18.13 % and 37.70 % respectively.
Sterlite Technologies has partnered with Wyre for supporting the development of their expansive multigigabit fibre-to-the-home (FTTH) network. Wyre’s way of working is to team up with partners to deploy fibre across Flanders and Brussels in Belgium, all while ‘staying conscious of their impact’.
Recognising Wyre’s requirements, the company stepped in with its agile design thinking approach and manufacturing capabilities. Wyre needed a compact, connectorized, and highly flexible connectivity solution tailored to its specific needs. The company’s team worked closely with Wyre to co-develop a bespoke solution that aligned perfectly with Wyre’s needs.
In this partnership, the company, with its design innovation, will supply high-performance optical cables with high-fibre count and loose-tube designs, its signature OptoBlaze and OptoBolt products, and advanced solutions like 288F Closures. To make efficient and timely deliveries to Wyre, the company has partnered with Wirewave, a distributor of high-quality fibre-optic cables and infrastructure.
Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.
