Sterlite Technologies Limited has informed the Exchange regarding a press release dated July 17, 2025, titled "STL leads the way in sustainable optical fibre manufacturing with Green Hydrogen."
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Sterlite Technologies (STL) has partnered with Hygenco Green Energies to set up Maharashtra's first green hydrogen and green oxygen production facility dedicated to optical fibre manufacturing. The facility, located in Chhatrapati Sambhaji Nagar, will supply green hydrogen and oxygen to STL's glass preform plant under a 20-year supply agreement, with Hygenco building, owning, and operating it. This move positions STL as one of the world's first optical fibre makers to use 100% green hydrogen in production, supporting its Net Zero by 2030 target and aiming to cut carbon emissions by around 30% annually. The initiative marks a major ESG and operational milestone for the company.
Positive for long-term sustainability profile and ESG narrative; no immediate financial impact disclosed, but it strengthens STL's positioning with global customers focused on green supply chains, which could support future order wins. Investors should watch for any cost implications or capex details, though the BOOM model (Hygenco owns/operates) limits direct capital outlay for STL.