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Sterlite Technologies
BSE: 532374|NSE: STRTECH|ISIN: INE089C01029|SECTOR: Cables - Telephone
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Company History - Sterlite Technologies
1988
 -Copper telecom cables facility started
 1992
 -Fiber Optic cables facility started
 1995
 -Optical fiber facility started
 1997
 -Expansion of optical fiber capacity to 1 million-km
 2000
 -Demerger of telecom business from Sterlite Industries Limited
 -Incorporation of Sterlite Optical Technologies Limited 
 
 2001
 
  - As per the Scheme of Demerger the compay has allotted 5,59,12,559
 No. of equity shares
 of face value Rs 5 aggregating Rs 27.95 crore as per the Scheme.
 
  - The Company has signedan MoU with General Cable Corporation, a US
 wire and cable 
 manufacturing company, to form a 50:50 joint venture company in the
 US to manufacture 
 and market optical fibre cable products.
 
 - The Company has signed an MoU with General Cable Corporation US,
 whereby GCC's 
 existing optical fibre cable manufacturing operations would be spun
 off into a joint venture.
 
  - The Credit Rating Information Services of India Ltd. Crisil has
 assigned a rating of `P1+'
 indicating `very strong' to the Rs 150 crore commercial paper
 programme of the company.
 
 - The Company allotted 79,996 No. of Equity shares on exercise of
 options by employees
  as per the ESOP scheme.
 
 2002
 -Expansion of optical fiber capacity to 4 million-km
 -Offices opened in China & United Kingdom 
 -Shifted its office to 7, Kirol Road, Vidyavihar - west , Mumbai 400
 086. Tel No : 5152768/5982300/5983302.  Fax No: 5983720.
 2004
 -Structured data cables facility started
 -Top Telecom Cables Company in India 
 2005
 -Top Telecom Cables Company in India 
 -Delist securities  from Delhi Stock Exchange Association Ltd (DSE)
 with effect from January 20, 2005.
 
 2006
 -Acquisition of power transmission business from Sterlite Industries
 Ltd
 -Commencement of telecom integration & managed services business
 -Offices started in Thailand, Russia & UAE 
 -ELCINA Award 
 2007
 -Expansion of optical fiber capacity to 6 million-km
 -Expansion of power conductor capacity to 115,000 MT
 -Company has changed its name from Sterlite Optical Technologies Ltd.
 to Sterlite Technologies Limited                                 
 -Office started in South Africa 
 -Sterlite Optical Technologies Ltd on March 23, 2007 has announced
 the launch of Sterlite BEND-LITE (E) Single Mode Optical Fiber
 specially designed for market requirements of FTTx
 (Fiber-to-the-Home/Premise) networks and applications.
 
 -Ramkrishna Bajaj National Quality Award (RBNQA)- Certificate of
 Merit 2007
 
 2008
 
 -Office started in USA
 
 -Sterlite Technologies wins US$ 17.5 Million contract from EEPCo,
 Ethiopia.
 
 --Deloitte Technology Fast 500 Asia Pacific 2008 
 
 -TEMA National Telecom Award 2008 - Excellence in Exports 
 
 2009
 
 -Expansion of optical fiber capacity to 12 million-km
 
 -Expansion of fiber optic cable capacity to 6 million-km
 
 -Expansion of power conductor capacity to 160,000 MT
  
 -Sterlite Technologies wins Rs 372 crore BSNL contract
 
 -Asia Pacific Entrepreneurship Award (India) 2009 
 
 2010
 
 -Sterlite Technologies wins the first mega independent power
 transmission project.
 
 -Sterlite Technologies have recommended a Final Dividend of 25% (Rs.
 0.50/- on Equity Share of Rs. 2/- each of the Company)
 
 -Sterlite Technologies has given the Bonus in the Ratio of 1:1
 
 -Company has splits its Face value of Shares from Rs 5 to Rs 2
 
 2011
 
 -Sterlite Tech to develop 765kV transmission system
 
 - Sterlite Technologies chosen to enhance network for promotion of
 Higher Education in India
 
 -Sterlite power conductors selected for high voltage & green energy
 transmission systems.
 
 -Sterlite Tech bags Rs 114 crore contract from BSNL
 
 2012
 
 -Sterlite Technologies signs financial agreements for two of its grid
 projects
 
 -Sterlite Technologies have recommended a Final Dividend of 15% (Rs.
 0.30/- on Equity Shares of Rs. 2/- each of the Company)
Source : Dion Global Solutions Limited
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