The expansion, which was slated to begin in June this year, will now start around March 2021, when there is greater clarity on the business environment, Sterlite Technologies Group CEO Anand Agarwal.

May 11, 2020

Data network solutions provider Sterlite Technologies has said it will go slow on the proposed Rs 300 crore expansion of cable manufacturing units in India and Italy due to global coronavirus pandemic.

As per the media reports, the expansion, which was slated to begin in June this year, will now start around March 2021, when there is greater clarity on the business environment, Sterlite Technologies Group CEO Anand Agarwal.

“We have a plan of expanding cabling facility but we have slowed that down, we are currently looking at supply-demand scenario,” he said.

The Rs 300 crore expansion blueprint of cable manufacturing units in India and Italy entailed increasing the capacity from 18 million to 33 million fiber kilometers, he said adding, “we have delayed that plan by 6-9 months”.

“…it was supposed to start by June 2020 but we delayed by 6-9 months. Now, it will start by March 2021,” he said.

With its portfolio spanning optical fiber and cables, network design and deployment as well as network software, Pune-based Sterlite Technologies positions itself as integrated solutions provider for global data networks, with optical preform, fiber and cable manufacturing facilities in India, Italy, China and Brazil.

It is currently operating at 60-65 percent of its global production capacity and has put in place measures to ensure that staff on duty at its units adhere to social distancing norms and come in staggered shifts.

The data network solutions provider is hopeful that its global production capacity will reach near pre-COVID levels by May-end, if calibrated moves to reopen economies and businesses proceed as per expectation.

The company — which designs and deploys high-capacity converged fibre and wireless networks — has also said exports from India have commenced to Europe, Middle East and Latin America. The manufacturing units in India produces preform, fibre and cable, while China unit focuses on fibre, and Italy and Brazil units on cables. In India, economic and business activities are now restarting outside containment zones, and partial movement has resumed within states, in the third phase of lockdown.