Sterlite Technologies Limited announced the outcome of its Board of Directors meeting held on September 3, 2026. The meeting commenced at 3:00 pm and concluded at 3:50 pm.
The Board considered and approved capacity addition in the company's existing manufacturing facility in view of global demand for Optical Fiber Cables and connectivity business.
Capacity Expansion Details
- Existing capacity utilization: Approximately 70%
- Proposed capacity addition: Approximately 50% increase over existing installed manufacturing capacity
- Implementation timeline: By end of FY29 (March 31, 2029)
- Total investment required: Approximately ₹3,000 crores
- Mode of financing: Internal accruals and/or debt
- Rationale: To cater to anticipated growth in demand and strengthen the company's manufacturing capabilities
The company did not disclose the exact existing capacity, citing commercially sensitive and competitive nature of the information.