STL is on track, with discussions with telcos and enterprises to deploy fibre, which will support 5G services. The company plans to expand its fibre capacity in India to 42 million km from present 33 million km, for which it will invest ₹500 crore in FY23, and ₹300 crore in FY24.
The manufacturer is also serious about being an active player in the government’s BharatNet initiative to take broadband connectivity to rural areas.
The company has aggressive plans in the international market too. It is setting up a manufacturing facility in South Carolina, USA. The facility in will manufacture optical cable and will be operational in the next quarter. On Linkedin, the company had posted seeking a Product Line Manager for its facility in the US.
Currently, STL exports about 80% of its optic fibre cable and network products to global markets including the US and Europe. STL’s market share in US is 14 percent and in Europe more than 20 percent.