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Sterlite wins Rs 1,800 crore T-Fiber project in Telangana


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Sterlite wins Rs 1,800 crore T-Fiber project in Telangana

The multi-year deal worth about Rs 1,800 crore requires STL to design, build and manage a rural broadband network across 3,000 gram panchayats in Telangana.

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About Sterlite Technologies Ltd.

Sterlite Technologies Ltd., incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 5094.95 Crore) operating in Cables sector. 

Sterlite Technologies Ltd. key Products/Revenue Segments include Cable Telephone System (CTS) which contributed Rs 2963.82 Crore to Sales Value (60.95 % of Total Sales), Income from Project Development which contributed Rs 1570.70 Crore to Sales Value (32.30 % of Total Sales), Software Products which contributed Rs 171.00 Crore to Sales Value (3.51 % of Total Sales), Sale of services which contributed Rs 66.10 Crore to Sales Value (1.35 % of Total Sales), Export Incentives which contributed Rs 65.08 Crore to Sales Value (1.33 % of Total Sales) and Scrap which contributed Rs 25.93 Crore to Sales Value (0.53 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1359.69 Crore, down -5.05 % from last quarter Sales of Rs 1431.99 Crore and up 25.39 % from last year same quarter Sales of Rs 1084.34 Crore Company has reported net profit after tax of Rs 157.77 Crore in latest quarter.

The company’s top management includes Dr.Anand Agarwal, Mr.A R Narayanaswamy, Mr.Anil Agarwal, Mr.Arun Todarwal, Mr.Pratik Agarwal, Mr.Pravin Agarwal, Mr.Sandip Das, Ms.Kumud Srinivasan. Company has Price Waterhouse Chartered Accountants LLP as its auditoRs As on 30-09-2019, the company has a total of 403,686,159 shares outstanding.

https://economictimes.indiatimes.com/sterlite-technologies-ltd/stocks/companyid-3370.cms

 

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