Sterlite Technologies zooms on partnering with Lumos
Sterlite Technologies is currently trading at Rs. 143.70, up by 9.20 points or 6.84% from its previous closing of Rs. 134.50 on the BSE.
The scrip opened at Rs. 135.00 and has touched a high and low of Rs. 146.90 and Rs. 133.10 respectively. So far 862860 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. 128.50 on 27-Oct-2023.
Last one week high and low of the scrip stood at Rs. 146.90 and Rs. 133.00 respectively. The current market cap of the company is Rs. 5772.77 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 been selected as partner by Lumos to build transformative 100% fiber optic internet in the mid-Atlantic region. Lumos was an important part of STL’s recently inaugurated fiber optic plant in Lugoff, South Carolina.
Lumos’ rapidly growing network across North Carolina, South Carolina, and Virginia provides 100% fiber-optic internet, whole-home Wi-Fi, voice, and streaming services to more than 275,000 homes and businesses and plans to reach over one million passings.
STL will support Lumos in a significant part of this critical rollout. In this long-term engagement, STL will offer advanced, purpose-engineered optical fiber cable designs to meet Lumos’ network requirements. STL has end-to-end optical capabilities and will also supply its signature Opto-bolt product, a pre-connectorized drop cable designed to significantly reduce installation time by de-skilling field installation while bringing modularity into the network design.
Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.