Shares of Sterlite Technologies were locked in a 5% upper circuit of Rs 750 on the BSE on Friday after the company outlined its long-term growth plans, including a target of becoming one of the top five players globally in optical connectivity solutions and achieving revenue of Rs 20,000 crore by FY29.
The company identified optical TAM expansion, customer co-development, integrated connectivity solutions and tech-led differentiation as key growth drivers. Sterlite Technologies also plans to expand its capacity to 1.5 times to support the next phase of growth.
