STL order book touches INR 11,200 + crore

STL has reported revenue of INR 1,575 crore (+20 percent) with nearly 62 percent of the revenue coming from its focus markets of US and Europe during the quarter ended June 30, 2022.
STLLarge orders from these markets enabled STL to build an order book of INR 11,200 + crore.

STL has fibre capacity of 50 mn fkm and will increase the cable capacity to 42 mn fkm in FY23. STL is also starting its manufacturing facility for optical fibre cables in the US, which is expected to go live in Q3 FY23.

STL is working with telcos across India and the UK for their 5G and FTTH deployments. In the UK, STL has partnered with leading telcos and alternate network providers and plans to ramp up execution and scale to enable service providers’ plans to connect over 60 million homes by 2030.

“Our global footprint, technology-led solutions, and effective supply chain management continue to be major contributors to our growth. With increased focus on efficiency and prudent capital management, we expect to sustain this positive momentum,” Ankit Agarwal, Managing Director, STL, said.