Sterlite Technologies touches roof on getting nod for Rs 3,000 crore capital expenditure plan
Sterlite Technologies is currently locked at its upper circuit limit of Rs. 750.15, up by 35.70 points or 5.00% from its previous closing of Rs. 714.45 on the BSE.
The scrip opened at Rs. 750.15 and has touched a high and low of Rs. 750.15 and Rs. 750.15 respectively. So far 255684 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 759.00 on 31-Aug-2026 and a 52 week low of Rs. 84.65 on 27-Jan-2026.
Last one week high and low of the scrip stood at Rs. 759.00 and Rs. 665.75 respectively. The current market cap of the company is Rs. 38551.05 crore.
The promoters holding in the company stood at 42.29%, while Institutions and Non-Institutions held 32.98% and 24.73% respectively.
Sterlite Technologies has received approval for a capital expenditure (capex) of around Rs 3,000 crore to expand capacity at its existing manufacturing facility in view of the demand for Optical Fiber Cables and connectivity business globally. The proposed capacity addition will increase its existing installed manufacturing capacity by around 50%. The capacity is expected to be added by the end of FY29. The Board of Directors of the company at its meeting held on September 3, 2026, has, inter alia, considered and approved the same.
