STL reported revenue of Rs 1,160 crore, EBITDA of Rs 212 crore, PAT of Rs 58 crore, and order book of Rs 10,705 crore for the second quarter ended  September 30, 2020.

STL recently announced that it will help build a network for Airtel to deliver enhanced mobile customer experience through reduced latency, and improved bandwidth. The fiberized network, based on STL’s Opticonn and Lead 360 solutions, will also form the foundation for many nextgen services for Airtel.

The company has signed a few engagements to deploy Opticonn, wireless solutions, and FTTx Mantra solutions for marquee customers in Europe, the Middle East and Africa, India, and the US.

STL has OFC manufacturing plant in Italy, Data Centre solutions CoE in the UK, and deals with key customers in telecom and cloud strengthening STL’s presence in Europe. Almost 30 percent of the total revenue (H1FY21) is from Europe.

STL is in the process of expanding its optical fiber cables capacity from 18 million to 33 million fkm. The capacity expansion is expected to be complete by June 2021.

Anand Agarwal, group CEO of STL, said: “Digital network creators are investing in their network to increase reach and quality of their networks.”