Mumbai, September 5 (Kiran News) — Shares of Sterlite Technologies (STL) gained on Friday after its U.S. subsidiary, Sterlite Technologies Inc. (STI), announced the launch of the world’s slimmest Intermittent Bonded Ribbon (IBR) Cable designed for hyperscalers, data center operators, and telecom service providers in the United States.
At 11:00 am, the stock was trading at ₹111.55, up 3.96% from its previous close of ₹107.30 on the BSE. The scrip opened at ₹113.75 and touched an intraday high of ₹118.00 and a low of ₹110.45. A total of 4,51,952 shares were traded on the counter.
The BSE ‘A’ group stock, with a face value of ₹2, has a 52-week high of ₹140.30 (Aug 18, 2025) and a 52-week low of ₹53.90 (Apr 7, 2025). Its current market capitalisation stands at ₹5,452.89 crore. Promoters hold 44.40%, while institutional and non-institutional investors own 18.08% and 37.52% respectively.
The newly launched Celesta IBR Cable delivers 864 fibres within a diameter of just 11.7 mm, optimized for jetting in a 14 mm duct. It has demonstrated record performance, covering around 4,700 ft (1,500+ m) in under 20 minutes. The cable incorporates STL’s bend-insensitive HD G.657.A2 200-micron fiber with industry-standard sheathing, offering high-density fiber packing, ease of mass fusion splicing, and robust duct installation.
Targeted at hyperscalers and data center builders, the cable addresses the demand for ultra-high-capacity, low-latency, and scalable network infrastructure. It complies with ICEA 122-744 standards and GR 20 specifications, and can be installed in a 14/18 mm micro subduct.
Sterlite Technologies said the launch highlights its innovation in next-generation connectivity solutions, supporting high-growth applications in cloud data centers, cabinet connections, and outside plant installations.
The company is among the industry’s leading digital network integrators, offering end-to-end 5G solutions.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
