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Sterlite Technologies Ltd. Company History and Annual Growth Details

1988
-Copper telecom cables facility started
1992
-Fiber Optic cables facility started
1995
-Optical fiber facility started
1997
-Expansion of optical fiber capacity to 1 million-km
2000
-Demerger of telecom business from Sterlite Industries Limited
-Incorporation of Sterlite Optical Technologies Limited

2001

- As per the Scheme of Demerger the compay has allotted 5,59,12,559 No. of equity shares
of face value Rs 5 aggregating Rs 27.95 crore as per the Scheme.

- The Company has signedan MoU with General Cable Corporation, a US wire and cable
manufacturing company, to form a 50:50 joint venture company in the US to manufacture
and market optical fibre cable products.

- The Company has signed an MoU with General Cable Corporation US, whereby GCC's
existing optical fibre cable manufacturing operations would be spun off into a joint venture.

- The Credit Rating Information Services of India Ltd. Crisil has assigned a rating of 'P1+'
indicating 'very strong' to the Rs 150 crore commercial paper programme of the company.

- The Company allotted 79,996 No. of Equity shares on exercise of options by employees
as per the ESOP scheme.

2002
-Expansion of optical fiber capacity to 4 million-km
-Offices opened in China & United Kingdom
-Shifted its office to 7, Kirol Road, Vidyavihar - west , Mumbai 400 086. Tel No : 5152768/5982300/5983302. Fax No: 5983720.
2004
-Structured data cables facility started
-Top Telecom Cables Company in India
2005
-Top Telecom Cables Company in India
-Delist securities from Delhi Stock Exchange Association Ltd (DSE) with effect from January 20, 2005.

2006
-Acquisition of power transmission business from Sterlite Industries Ltd
-Commencement of telecom integration & managed services business
-Offices started in Thailand, Russia & UAE
-ELCINA Award
2007
-Expansion of optical fiber capacity to 6 million-km
-Expansion of power conductor capacity to 115,000 MT
-Change of company name to Sterlite Technologies Limited
-Office started in South Africa
-Sterlite Optical Technologies Ltd on March 23, 2007 has announced the launch of Sterlite BEND-LITE (E) Single Mode Optical Fiber specially designed for market requirements of FTTx (Fiber-to-the-Home/Premise) networks and applications.

-Ramkrishna Bajaj National Quality Award (RBNQA)- Certificate of Merit 2007
2008
-Office started in USA
-Sterlite Technologies wins US$ 17.5 Million contract from EEPCo, Ethiopia.

--Deloitte Technology Fast 500 Asia Pacific 2008

-TEMA National Telecom Award 2008 - Excellence in Exports
2009
-Expansion of optical fiber capacity to 12 million-km
-Expansion of fiber optic cable capacity to 6 million-km
-Expansion of power conductor capacity to 160,000 MT
-Sterlite Technologies wins Rs 372 crore BSNL contract
-Asia Pacific Entrepreneurship Award (India) 2009

 
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