Sterlite Technologies gains on testing multi-terabit data transmission over long haul network

Sterlite Technologies is currently trading at Rs. 31.50, up by 0.40 points or 1.29% from its previous closing of Rs. 31.10 on the BSE. The scrip opened at Rs. 31.15 and has touched a high and low of Rs. 32.40 and Rs. 31.15 respectively. So far 2,81,000 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 33.20 on 11-Apr-2014 and a 52 week low of Rs. 15.75 on 06-Aug-2013. Last one week high and low of the scrip stood at Rs. 32.40 and Rs. 28.20 respectively. The current market cap of the company is Rs. 1,240.00 crore. The promoters holding in the company stood at 54.67% while Institutions and Non-Institutions held 9.75% and 35.58% respectively. Sterlite Technologies has achieved a milestone technology development in telecommunication space. The company’s Center of Excellence at Aurangabad, India has successfully established and tested multi-tera bit transmission over long haul network. A significant indigenous capability is now established to transmit huge volumes of data over long distances. For example, around 85,000 movie files of 700 MB each can now be transferred from Bangalore to Kolkata in a minute. Furthermore, the Center of Excellence has a strong focus to enhance test-bed capability to much higher data rate (e.g. 400Gbit/s per channel) and longer transmission distances. The effort is to accelerate Sterlite’s vision of national competence towards Terabit scale communications for better telecom infrastructure planning at a national level and for Telecommunication operators.