Rs 4,378 Crore Order Book: Multibagger Telecom Stock Hits 52-Week High as Company Leads the Way in Sustainable Optical Fibre Manufacturing with Green Hydrogen

On Thursday, shares of this telecom equipment company gained 6.5 per cent to an intraday high of Rs 122.05 per share from its previous closing of Rs 114.65 per share. The stock also made a new 52-week high is Rs 122.05 per share while its 52-week low is Rs 53.90 per share. The shares of the company saw a spurt in volume by more than 14 times on the BSE.

The buzzing stock name is Sterlite Technologies Ltd (STL)

Sterlite Technologies Limited (STL), a prominent global optical and digital solutions company, has achieved a significant sustainability milestone by partnering with Hygenco to establish Maharashtra's first green hydrogen and green oxygen production facility for optical fibre. Located in Chhatrapati Sambhaji Nagar, this facility will supply 100 per cent green hydrogen and oxygen to STL's glass preform manufacturing plant. This groundbreaking initiative positions STL as one of the world's first optical fibre manufacturers to integrate 100 per cent green hydrogen into its production processes, a crucial step towards its ambitious goal of achieving Net Zero emissions by 2030. Hygenco will manage the facility's construction, ownership, and operation, guaranteeing a reliable and commercially viable supply for a period of 20 years.

This strategic collaboration is expected to reduce STL's carbon emissions by approximately 30 per cent annually, significantly contributing to a greener manufacturing footprint. Hydrogen and oxygen are vital as fuel in blast furnaces for converting silica into glass during optical fibre production. The Chhatrapati Sambhaji Nagar plant, an Industry 4.0-enabled facility, now incorporates advanced autonomous energy management systems, real-time monitoring, and automated control technologies, enhancing both safety and operational efficiency in its pursuit of sustainable manufacturing practices.

About the Company

Sterlite Technologies Limited was established in July 2001 after the demerger of the telecom division of Sterlite Industries Limited (SIL). In July 2006, STL acquired the transmission line business of SIL to foray into the power transmission cables business. STL has grown over the years to become the largest optical fibre and optical fibre cable manufacturer in the country. The company also has a sizeable presence in overseas markets with an established presence in the global optical fibre market.

As of March 31, 2025, the company’s order book stood at Rs 4,378 crore, which is spread across its three business units- Optical Networking, Global Services and Digital. The stock has given multibagger returns of over 120 per cent from its 52-week low of Rs 53.90 per share.

Disclaimer: The article is for informational purposes only and not investment advice.