Sterlite Technologies
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About Sterlite Technologies
STL is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks. The company, driven by its purpose of ‘Transforming Billions of Lives by Connecting the World’, designs and manufactures in 4 continents with customers in more than 100 countries. Telecom operators, cloud companies, citizen networks, and large enterprises recognize and rely on STL for advanced capabilities in Optical Connectivity, Global Services, and Digital and Technology solutions to build ubiquitous and future-ready digital networks. STL’s business goals are driven by customer-centricity, R&D and sustainability. Championing sustainable manufacturing, the company has committed to achieve Net Zero emissions by 2030. With top talent from 30+ nationalities, STL has earned numerous ‘Great Place to Work’ awards and been voted as the ‘Best Organization for Women’.
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Change Company | Change Company | Change Company | ||
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Overall Rating | 3.8/5 based on 2.1k reviews | 4.0/5 based on 13.3k reviews | 4.1/5 based on 3.3k reviews | 4.1/5 based on 15k reviews |
Highly Rated for | No highly rated category | Skill development Salary Job security | Job security Skill development Work-life balance | Skill development Work-life balance Salary |
Critically Rated for | Promotions Job security | No critically rated category | Promotions | No critically rated category |
Primary Work Policy | Work from office 66% employees reported | Work from office 69% employees reported | Hybrid 51% employees reported | Work from office 55% employees reported |
Rating by Women Employees | 3.3 Average rated by 214 women | 3.7 Good rated by 1.6k women | 4.1 Good rated by 713 women | 3.9 Good rated by 2.5k women |
Rating by Men Employees | 3.8 Good rated by 1.8k men | 4.0 Good rated by 10.8k men | 4.1 Good rated by 2.4k men | 4.2 Good rated by 11.4k men |
Job security | 3.3 Average | 3.8 Good | 4.0 Good | 3.9 Good |
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Former Sterlite Copper Employees Hold Protest In Thoothukudi, Demand Reopening Of Plant
- Former Sterlite employees held protests in Thoothukudi, demanding the reopening of the plant.
- The plant was shut down in 2018 due to violent protests.
- Protestors claimed that toxic emissions from the plant caused health issues in the area.
- Former employees defended the plant, stating that the allegations were false.
Thoothukudi faces economic decline as key industries shut down
- The closure of key industries in Thoothukudi has led to an economic decline in the district.
- People have lost jobs and are forced to look for lower-paying employment elsewhere.
- Closure of the Sterlite plant directly impacted over 1,500 workers and disrupted livelihoods of around 40,000 individuals.
- INTUC demands the reopening of the Sterlite plant to revive the local economy and create employment opportunities.
Sterlite Technologies secures ₹2,600 crore BharatNet project in Jammu and Kashmir
- Sterlite Technologies Limited (STL) has secured the ₹2,600 crore BharatNet project in Jammu and Kashmir.
- STL will utilize automation-led fibre deployment techniques, including drone surveys, GIS mapping, and AI-led network design.
- The company has previous experience in executing similar projects, including the Network for Spectrum (NFS) project in the region and BharatNet projects in Maharashtra and Telangana.
- The project aims to extend broadband connectivity to villages in Jammu and Kashmir, supporting advancements in education, healthcare, and economic development.
Sterlite Technologies Q2 Results: Loss At Rs 14 Crore
- Sterlite Technologies Ltd. has posted a consolidated loss of Rs 14 crore for the second quarter ended Sept. 30, 2024.
- STL had posted a net profit of Rs 32 crore for the same period a year ago. Revenue from operations declined marginally to Rs 1,413 crore from Rs 1,494 crore in September 2023 quarter.
- STL in its investor presentation said the company has an open order book of Rs 8,630 crore, of which Rs 1,633 crore is due in the current fiscal and orders worth Rs 6,997 crore are spread over fiscal year 2026 and beyond.
- STL expects to ride on investments in growth opportunities in data centre capacities, which are projected to almost double to 1800 megawatt by 2026 from 950 MW in 2024.
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