Sterlite Technologies Limited aims to fulfill an order book worth Rs 10,000 crore by the end of FY2020.

May 3, 2020

Pune-based Sterlite Technologies Limited (STL), an optic fibre maker has restarted its manufacturing operations in China, Europe and India, following a shutdown due to novel Coronavirus outbreak, and the company aims to fulfill nearly Rs 10,000 crore worth of order book, and expects higher investments in telecom networks.

As reported in a leading daily, Mr. Anand Agarwal, CEO, STL Group that for us what happened is that our China unit went into shutdown in late January and that came out in mid-March. Plant in Europe has also started operating. Now, our facilities in India are also running for the last two weeks.

“We had some degree of preparedness for the rest of the world. We could move the distribution and load between our different unit elsewhere. So any commitment that we had was for shipment, we usually did it through China,” Mr. Agarwal said.

The recovery is also sort of started, according to Agarwal who said that the company could move distribution and load between different unit elsewhere.

“Our order book is good which is at the end of FY20 will be almost Rs 9,000-10,000 crores. We have good visibility of what we hold,” Mr. Agarwal said added.