Sterlite Technologies targets 25% revenue from AI data center fiber in 3 years, driven by India's data sovereignty push.

Sterlite Technologies (STL), an Indian fiber cable manufacturer, aims for 25% of its revenue from AI data center fiber offerings in three years, driven by India's push for data sovereignty. With GPU-based server capacity expected to reach 520,000 by 2026, STL plans to increase factory utilization from 50% to 80%. Recent funding of Rs 1,000 crore will support debt reduction and expansion efforts, positioning STL among the top three optical domain players globally.

October 21, 2024
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