Schedule a Call Back
Pune, April 2017 - Sterlite Tech [BSE: 532374, NSE: STRTECH], an end-to-end global technology leader in smarter digital networks, has received CRISIL's rating upgrade to CRISIL AA-/Positive on its long-term bank facilities while reaffirming the rating at 'CRISIL AA-'. The rating on the Company's commercial paper programme has been reaffirmed at 'CRISIL A1+'.
The outlook revision reflects CRISIL's belief that Sterlite Tech's financial risk profile could improve over the medium term on the back of improvement in profitability and net cash accruals, given its healthy business prospects. Elaborating on the business outlook, Anupam Jindal, CFO, Sterlite Tech said, "Based on our integrated design, build and manage strategy, we are uniquely positioned to cater to the Rs 1.3 lakh-crore opportunities arising across key Digital India initiatives like BharatNet, Smart Cities and Defence space. With the focus of the global telecom industry shifting towards smarter networks that address the challenges of hyper-connectivity and broadband network requirements of 5G and IoT, we are leading the industry with our breakthrough digital technologies."
With a pure-play telecom focused business that develops and delivers smarter optical communication products, network and system integration services and OSS/BSS software solutions, Sterlite Tech is a global player in enabling the internet economy through the creation of future-proof digital infrastructures for urban and rural areas, last-mile connectivity and monetisation requirements across all smarter networks.
The expo, which will conclude on May 28, 2024, showcases cutting-edge technologies and solutions in metal cutting, metal forming, and factory equipment from exhibitors across India.
Read moreThe Aatmanirbhar Gujarat 2022 Scheme aims to increase investment in the MSME sector in Gujarat, boosting Gujarat's industrial landscape and contributing to Atmanirbhar India's vision. Saumil Soni an..
Read moreIn this interview with Rakesh Rao, Umesh Pai, MD, EPLAN Software & Services Pvt Ltd (EPLAN India) explores recent developments and the effect of emerging trends on the Indian machine tools industry.
Read more
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
Hi There!
Now get regular updates from IPF Magazine on WhatsApp!
Click on link below, message us with a simple hi, and SAVE our number
You will have subscribed to our Industrial News on Whatsapp! Enjoy
Schedule a Call Back