Is Sterlite Technologies part of Vedanta?
The company, which is 55 per cent owned by a holding company owned by mining and resources major Vedanta Group, will raise around three-fourths of the capital requirement by raising debt, while the rest will be equity, he said.
What Sterlite Technologies do?
Sterlite Technologies Limited is a global leader in end-to-end data network solutions. The Company designs and deploys high-capacity converged fibre and wireless networks.
Is Sterlite Tech a good company?
Sterlite is very good company and Management is tremendous. Clear vision and focused. Employee friendly and team is very supportive and good perks. HR is very good with employee.
Why is Sterlite banned?
Locals in Tamil Nadu’s Thoothukudi district have intensified calls for banning Sterlite after Supreme Court ordered reopening of the plant allowed Vedanta’s Sterlite Industries in Tuticorin to run its closed plan for oxygen production amid an acute shortage due to rising Covid cases.
Is Sterlite an MNC?
Sterlite Technologies Limited (Formerly Sterlite Tech) is an Indian multinational technology company, headquartered in Mumbai. It is listed on Bombay Stock Exchange and National Stock Exchange of India. It has 636 patents and is active in over 150 countries.
Is Sterlite a MNC company?
Sterlite Technologies Limited (Formerly Sterlite Tech) is an Indian multinational technology company, headquartered in Mumbai. It is listed on Bombay Stock Exchange and National Stock Exchange of India.
Is Sterlite banned?
Sterlite operated the largest copper smelter plant in India, in Thoothukudi from 1998 to 2018. The plant was not operational from March 2018 and was shut down by the Government of Tamil Nadu on 28 May 2018 after protests from locals.
Who is behind Sterlite protest?
CHENNAI: Chinese companies which had economic interest in Indian copper import were behind the closure of Sterlite copper smelting unit in Tuticorin, Vedanta Limited told the Madras high court on Thursday. “These companies promoted and funded the agitations and protests against Sterlite.
Why is Sterlite Technologies falling?
Sterlite Technologies slumped 5.73% to Rs 254.25 after the company reported a consolidated net loss of Rs 137 crore in Q3 FY22 as compared to a net profit of Rs 86.64 crore posted in Q3 FY21.
Why do people oppose Sterlite?
Protesters have alleged that the smelter was polluting ground water in their area. An activist group has accused pollution board of allowing the company to operate its smelter with shorter chimney stacks than permitted which helped the company reduce costs but harmed the environment.
What is the problem with Sterlite Copper?
The Sterlite Copper factory also made headlines in 2013 after a suspected sulphur dioxide gas leak from one of its smelter. The plant was blamed for health issues observed in the area related to gas leakage and residents near-by complained of coughing, wheezing, eye irritation, and miscarriages following the leak.
Why Sterlite is banned in Tamil Nadu?
Where is Sterlite Technologies Limited located?
Where is Sterlite Technologies Limited headquarters? Sterlite Technologies Limited headquarters is in Pune, Maharashtra, India. What sector does Sterlite Technologies Limited operate in?
What is the last traded price of Sterlite Technologies Ltd stock?
Sterlite Technologies Ltd. stock last traded price is 274.95 DATA SOURCES: TickerPlant (for live BSE/NSE quotes service) and Dion Global Solutions Ltd. (for corporate data, historical price & volume, F&O data). Sensex & BSE Quotes and Nifty & NSE Quotes are real-time and licensed from BSE and NSE respectively.
Is Sterlite Tech in revenue contraction?
That’s all for Sterlite Tech recommendations. Check out other stock recos. Sales de-grew by 6.18%. Company witnessed revenue contraction for the first time in last 3 years. (Source: Consolidated Financials)
What is the intraday decline in Sterlite Technologies?
Sterlite Technologies L… In the last 17 years, only 5.25 % trading sessions saw intraday declines higher than 5 % . Sales de-grew by 6.18%. Company witnessed revenue contraction for the first time in last 3 years.