It is with great pleasure that I present to you the Annual Report of Sterlite Technologies Limited (STL). I am delighted to see how your Company has rapidly grown to be amongst the global leaders in data networks solutions.
Today, STL is setting the industry’s strategic direction for the design and deployment of high-capacity networks. Leading with technology innovation and deep customer engagement, STL understands service providers’ networking needs beyond the traditional models. Today, STL works with global citizen networks, Cloud companies, large enterprises and digital/telecom service providers to design and deploy data network solutions for super-fast connectivity and enhanced end-user experience.
As you and I consume data at unprecedented levels, these networks of the future will impact our everyday lives - they will make remote surgery a reality, bring e-education to millions in under-privileged areas, power self-driving cars and drones, enable next-gen entertainment and much more.
Impacting citizens’ lives
STL is driving rural digital inclusion by building fibre-based networks in previously unconnected areas of the world. In India, it has partnered with leading telcos and BharatNet to bring high-speed internet and utility based applications to remote areas. It is also pioneering to bring apps, content and services to ride these networks, with STL Garv, a multi-application data centre. In Europe, it has partnered with several Tier-1 telcos to fiberise millions of urban and rural homes in France and the UK, among other regions.
Powering connectivity for tomorrow’s Cloud applications
Some of the world’s biggest Cloud companies, such as Amazon, Google and Microsoft, are investing in building hyper-scale data centres so that we can have a seamless connectivity experience across super-high bandwidth applications of tomorrow. In this context, STL is building its suite of connectivity solutions for various data-centre needs. In FY19, the Company pioneered in this space, and won contracts with two leading global Cloud companies.
Modernising data networks of large enterprises
The Defence, Railways and Oil and Gas companies are making significant investments to build and modernise their data networks. These networks are both mission critical and extremely large and complex. STL has been partnering with such customers for several years, and in FY19 it partnered with the Indian Navy to design and build their next-gen digital network. This is the first time an integrated end-to-end digital network at such a scale is being built in India. It will enable the Indian Navy to ride new age applications with advanced security solutions while bringing real-time situational awareness and faster decision-making.
Getting telcos 5G-ready
As end users, we demand more and more bandwidth, seamless connectivity, great content and applications, all at competitive pricing. For telcos to offer us this experience, world over, they are investing in 5G, FTTx and other solutions. STL has been partnering with telcos for backhaul and deep fiberisation for a while. In FY19, it also developed capability for converged wired and wireless solutions.
I am extremely excited for STL to play a role in building this future! I look forward to our continued partnership as we go beyond tomorrow.
Chairman and Board of Director