News Alert

Sterlite Optical announces expansion of its Optical Fiber capacity to 12 Million-Km
Sterlite Optical Technologies has announced that it has decided to double its Optical Fiber annual manufacturing capacity to 12 Million-km from its current capacity of 6 Million-Km. This brownfield expansion at the company's existing facilities at Aurangabad, India is estimated to incur a Capex of Rs 140 Crores (US$ 35 Million) and commercial production is expected to commence by June 2009. This state-of-the-art facility would be capable of manufacturing the company's existing range of Optical Fiber Products as well as have the intrinsic capability to manufacture products as per evolving international telecom standards that are being introduced to cater to high bandwidth applications required by global markets. The company is in advanced stages of discussion with leading global manufacturing equipment and raw material suppliers to streamline its efforts towards the expansion project milestones. The company is a market leader in India and currently supplies over 45% of the country's demand and over 4% of the global demand for Optical Fiber. In H1 2007-08, the Company's export sales for its Optical Fibers accounted for about 55% of total revenues from sale of its Optical Fibers. The expanded capacity would primarily cater to the growing demand from the Indian market and also enable the Company to grow its global market share.