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Last Updated : Oct 07, 2016 02:35 PM IST | Source: CNBC-TV18

Sterlite Tech should grow 15-20% annually in 3 years: CEO

Keeping in view that there is a need for data infrastructure in the country and it will have to be built, we expect Sterlite Tech to be one of the beneficiaries of the government's broadband rollout, said Anand Agarwal, Chief Executive Officer and Director at Sterlite Tech.


Financial services company Emkay Global has initiated coverage on Sterlite Technologies with a buy rating as they believe the company will be the biggest beneficiary of broadband rollout. Telecom products company Sterlite Technologies too is enthusiastic about the government’s broadband rollout.


Keeping in view that there is a need for data infrastructure in the country and it will have to be built, we expect Sterlite Tech to be one of the beneficiaries of the rollout, said Anand Agarwal, Chief Executive Officer and Director at Sterlite Tech.


Agarwal said that the company has been growing at 20 percent in revenue and bottom line and should be growing at 15-20 percent annually in the next three years.

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Sterlite Tech’s current debt stands at Rs 1,000 crore, he said.

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First Published on Oct 7, 2016 10:47 am
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