Fibre-optic cables feed into a server inside a comms room at an office in London, U.K. (Photographer: Chris Ratcliffe/Bloomberg)

Capacity Expansion Won’t Hurt Revenue Momentum, Says Sterlite Technologies

Sterlite Technologies Ltd. will continue to maintain its growth momentum even as it looks to expand capacity to meet increasing demand.

“Our five-year history shows that we have delivered 29 percent revenue growth and we can continue that growth,” Anupam Jindal, chief financial officer at Sterlite Technologies told BloombergQuint in an interview.

Sterlite Technologies is in the process of expanding its fiber cable capacity from 30 million to 50 million by June 2019.

The company’s debt levels will not worsen despite the expansion plans, according to Jindal. “Our net debt is around Rs 890 crore and the net debt to equity ratio is below 1. The ratio will be below 1 despite our organic plans.”

Watch the full interview here.

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