Sterlite Technologies Targets Rs 20,000-Cr Revenue by FY29

New Delhi: Broadband technology company Sterlite Technologies on Monday said it aims to grow the company’s revenue manifold to Rs 20,000 crore by FY29.

Sterlite Technologies Ltd (STL) posted its consolidated revenue from operations of Rs 4,745 crore in the financial year 2025-26, according to a regulatory filing.

“Today, we are very proud to announce Lakshya, STL’s growth ambition for FY29. Under Lakshya, we’re targeting 20,000 crore revenue by FY29, while building STL into one of the largest global players for digital connectivity,” STL Managing Director Ankit Agarwal said in an investor meet held on September 3.

According to the transcript of the meeting shared by the company, Agarwal said that the ambition of project Lakshya is to transform the scale and position of STL, build on the strength of the company’s core, stronger economics, deeper customer relationships, and a larger role in the world’s rapidly expanding digital infrastructure.

“Lakshya is our roadmap for the next phase of STL, and today, we begin this journey,” he said.

STL Group Chief Financial Officer Ajay Jhanjhari said that over the next three financial years, the company plans to invest approximately Rs 1,000 crore annually, expanding fiber and cable capacities by 50 per cent, allowing it to scale with demand visibility.

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