Sterlite Tech plans Rs 1,200 cr investment for new OFC plants

Buoyed by growth in net profit, optical fibre firm Sterlite Tech plans to invest up to Rs 1,200 crore to scale up its optical fibre cable production in two years.

"Earlier we had announced increase of OFC production to 30 million route kilometres from 22 million but based on growth demand we have decided to scale it up to 50 million Rkm with investment of Rs 1,000-1,200 crore by mid-2019," Sterlite Tech CEO Anand Agarwal told

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