Sterlite Technologies Receives Stable Credit Ratings from ICRA
Sterlite Technologies Limited has been assigned an ‘AA-‘ rating for its long-term bank facilities and an ‘A1+’ rating for its short-term facilities by the Investment Information and Credit Rating Agency (ICRA).
These ratings represent the company’s capability to meet its financial obligations on time. While short-term ratings assess creditworthiness for one year or less, long-term ratings apply to period of over one year.
Over the past five years, the company’s sales has grown at a Compound Annual Growth Rate (CAGR) of 1%. For the second quarter of FY-25, Sterlite Technologies reported a revenue of Rs. 1,413 crore, and its order book stood at Rs. 8,630 crore.
Sterlite Technologies provides end-to-end solutions in the field of telecommunications, networking, and digital transformation. The company designs, manufactures, and provides advanced products and services for the communications industry, helping businesses enhance their connectivity and digital capabilities.
