Sterlite Technologies has bagged deals worth $100 million in West Asia and Africa, taking the company's order book to an all-time of Rs 11,000 crore. Anand Agarwal, Group CEO of Sterlite Technologies attributes it to the developing digital infrastructure.

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“The order book is all-time high with Rs 11,000 crore and it is across regions. We are seeing this very broad-based that we are seeing this in Europe in an extremely strong manner, we are seeing it in Middle-East Africa. We are seeing India is also coming back and we are seeing North- America go at a good pace. So the build of digital infrastructure that we are seeing is now becoming more and more global phenomena,” he said.

On companies performance, Agarwal said, “Quarter-on-quarter (QoQ) we have witnessed an increase in revenues and that is what we have guided for.” These numbers give us a great degree of confidence that we are performing better than pre-COVID levels, he added.

Semiconductor shortage will impact our wireless and radio business and we are keeping an eye on that, more so since our revenues for wireless will start coming through in FY22 H2, Agarwal said. "In terms of the magnitude and numbers that it's not going to be very large but we are keeping an eye on that,” he added.

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(Edited by : Yashi Gupta)

First Published:Mar 3, 2021 11:16 AM IST