Sterlite Technologies Limited has announced the approval of a major capital expenditure (Capex) of approximately ₹3,000 crore for capacity expansion. The company’s Board of Directors greenlit this investment to bolster its existing manufacturing facility, aiming to meet the anticipated global demand for Optical Fiber Cables and connectivity solutions. This expansion is expected to increase the company’s manufacturing capacity by roughly 50% and is targeted for completion by the end of FY29.
Sterlite Technologies Board Approves Significant Capacity Expansion
The Board of Directors at Sterlite Technologies Limited convened today, September 3, 2026, to consider and approve a substantial capital expenditure (Capex) plan. The primary focus of this significant investment is to enhance the capacity of the company’s existing manufacturing facilities.
Strategic Investment to Meet Global Demand
The approved Capex, estimated at approximately ₹3,000 crores, is strategically aimed at addressing the projected increase in global demand for Optical Fiber Cables and other connectivity-related business segments. This expansion is anticipated to result in an approximate 50% increase over the current installed manufacturing capacity.
Timeline and Financing
The project for this capacity addition is slated for completion by the end of FY29. The company plans to finance this expansion through a combination of internal accruals and/or debt, indicating a robust financial strategy to support its growth objectives. The board meeting took place from 3:00 pm to 3:50 pm.
Source: BSE
