Sterlite Technologies Ltd: A Cautionary Tale of Growth, Debt, and Investor Expectations
Sterlite Technologies Ltd (STL) is a leading manufacturer of optical fiber (OF) and optical fiber cables ( OFC ). The company specializes in designing, building, and managing data networks, focusing on optical fiber and cables, hyper-scale network deployment, and software-defined networking . Promoter of S terlite technologies - Anil Agarwal is a prominent Indian industrialist and the Founder and Executive Chairman of Vedanta Resources Plc, a global natural resources conglomerate. He is also the Non-Executive Chairman of STL, a company he founded in 1988. With over four decades of entrepreneurial experience, Agarwal has been a pioneering force in India's industrial growth, particularly in sectors such as metals, mining, power, and technology. He initially started trading in scrap metal in the mid-1970s and later founded Sterlite Industries, which became the first private company in India to establish a copper smelter and refinery in 1993 . In October 2019 (FY20) ,...