Sterlite Technologies trades jubilantly on entering into partnership with Vocus Group
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Sterlite Technologies is currently trading at Rs. 121.40, up by 10.60 points or 9.57% from its previous closing of Rs. 110.80 on the BSE.
The scrip opened at Rs. 111.65 and has touched a high and low of Rs. 122.30 and Rs. 111.65 respectively. So far 305773 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 179.00 on 11-Sep-2023 and a 52 week low of Rs. 110.00 on 27-Mar-2024.
Last one week high and low of the scrip stood at Rs. 123.90 and Rs. 110.00 respectively. The current market cap of the company is Rs. 4799.37 crore.
The promoters holding in the company stood at 53.99%, while Institutions and Non-Institutions held 6.70% and 39.31% respectively.
Sterlite Technologies (STL) has entered into partnership with Vocus Group, a specialist fibre and network solutions provider in Australia. STL has been actively involved in collaboratively developing optical fibre solutions tailored to Vocus’ goal of delivering high-speed connectivity across Australia. Vocus owns and operates more than 25,000 kms of fibre network that is purpose-built and managed for businesses and the Government. Its high-performance and secure network infrastructure connects people, businesses, government, and communities in Australia to the world.
STL has been supporting Vocus in building, operating, and maintaining its extensive fibre network with its world-class optical networking solutions made sustainably at its ‘Zero Waste to Landfill’ and ‘Zero Liquid Discharge’ certified facilities. In the last three years, STL has supplied more than 1000 kms of optical fibre cable to Vocus and is committed to providing the most sustainable, quality products by being ‘first in the world’ to launch a range of externally certified Eco-labelled Optical Products.
The new multi-year partnership will see increased usage of STL’s ultra-slim profile Micro TM cables in Vocus’ network, along with the use of STL’s flagship Stellar TM fibre, the world’s first bend-resilient fibre with backward compatibility to fibre found in legacy networks. Using such a bend-resilient fibre will improve Vocus network quality with lower losses, higher network availability and longer lifetime.
Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.
