Sterlite Technologies Limited (STL) has signed a memorandum of understanding (MoU) with the Government of Maharashtra to support its growth ambitions, building on its manufacturing presence in Chhatrapati Sambhajinagar and its headquarters in the state.

Oct 14, 2026

Sterlite Technologies Limited (STL) has signed an MoU with the Government of Maharashtra at the launch of Invest Maharashtra in Mumbai, in the presence of Maharashtra Chief Minister Devendra Fadnavis.

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STL Vice Chairman Pravin Agarwal and Managing Director Ankit Agarwal attended the occasion. The company highlighted Maharashtra’s importance to its operations, noting that it is headquartered in the state and operates optical fibre manufacturing plants in Chhatrapati Sambhajinagar, supplying optical fibre for global markets.

The MoU marks another step in STL’s growth ambitions under its Lakshya initiative, as the company continues to focus on building the world’s digital backbone. The company acknowledged the Government of Maharashtra and the Invest Maharashtra team for their partnership.

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The company’s announcement did not disclose the investment value, proposed project details or specific commitments under the MoU.