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-0.25 (-0.99%)
-0.3 (-1.18%) | 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) | |
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| Source : Dion Global Solutions Limited | |
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