Sterlite Technologies soars on investing Rs 50 crore to establish fibre skilling training centre in Telangana

Sterlite Technologies is currently trading at Rs. 123.90, up by 2.80 points or 2.31% from its previous closing of Rs. 121.10 on the BSE.

The scrip opened at Rs. 120.00 and has touched a high and low of Rs. 128.45 and Rs. 120.00 respectively. So far 245023 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 170.00 on 20-Oct-2023 and a 52 week low of Rs. 109.80 on 04-Jun-2024.

Last one week high and low of the scrip stood at Rs. 128.45 and Rs. 118.15 respectively. The current market cap of the company is Rs. 6084.67 crore.

The promoters holding in the company stood at 44.18%, while Institutions and Non-Institutions held 19.50% and 36.32% respectively.

Sterlite Technologies (STL) has invested Rs 50 crore to establish a state-of-the-art fibre skilling training centre in Telangana. Spread in an area of 10 acres, this centre will be pivotal in empowering local talent with cutting-edge and modern fibre network deployment technology and enable them to bring high-speed internet connectivity under the Bharatnet program. The Government of Telangana has created Telangana Fiber Grid Corporation to lay the state's digital backbone as an initiative to shape a digitally empowered future for the state. A robust local talent pool is required to ensure fast deployment, seamless connectivity, and an elevated user experience.

STL has successfully implemented its fibre skilling program in the UK, leveraging its Smart Fibre Deployment best practices from India and skilling the UK workforce on the same. Now, STL will implement this fibre skilling program in its Telangana training centre to empower people in rural communities with critical skills in Smart Fibre Deployment techniques and other next-gen technologies like AI, robotics, and advanced defence systems. This will enable them to bring fast fibre connectivity through tech-intensive methods like robotic trenching, 360 photogrammetry, and GIS database visualisation to the rural and hard-to-reach areas of the state.

This effort is a catalyst for economic growth and technological progress in underserved communities, as it will also create employment opportunities in these regions. The initiative is expected to transform Telangana’s landscape by boosting skills in emerging technologies and supporting local manufacturing and innovation, aligning with India’s vision for self-reliance. It will also serve as a platform to attract further industrial interest and foster a robust technology ecosystem. 

Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.