Announced Thu, 3 Sept, 2026 · 17:27 IST
STL board approves Rs 3,000 cr capex to expand optical fiber capacity by about 50%
STLTECH · price
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Price reaction · full curve 14 horizons · vs prior close
+10.5%1-day move
₹711.90
prior close
₹748.90
base price
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AI summary
Sterlite Technologies board approved a capex of approximately Rs 3,000 crores to expand manufacturing capacity by about 50% over existing levels, driven by global demand for Optical Fiber Cables and connectivity business. Current capacity utilization stands at around 70%. The expansion, to be funded through internal accruals and/or debt, is targeted by end of FY29.
Likely market impact
Large capex signals strong growth ambitions but may pressure margins and increase debt; long gestation until FY29.