Sterlite Tech Approves ₹3000 Cr Capex for Capacity Expansion

Sterlite Technologies Limited's Board of Directors has approved a significant capital expenditure of approximately ₹3,000 crores to increase manufacturing capacity for Optical Fiber Cables and connectivity solutions. This expansion, aimed at catering to global demand, will boost existing capacity by approximately 50% and is expected to be completed by the end of FY29. The investment will be financed through internal accruals and/or debt, strengthening the company's manufacturing capabilities.