Sterlite Technologies Ltd, optic fibre cable manufacturer, is all set to spend around Rs 140 crore to double up its yearly optic fibre capacity to 12 million kms from the existing capacity of 6 million kms.
The recent development would take place at the company’s subsisting plants in Aurangabad, and the commercial production is expected to start by June 2009.
Anand Agarwal, Sterlite’s CEO and Director said, “With the strong outlook by the Indian and Global Optical Fibre Industry, we are poised to take our place within the top five manufacturers in the world and we believe that this capacity expansion would give us the strategic advantage to capitalise on the available opportunities.”
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New Delhi, Nov.
