Archive · 19 Jul 2026
FIIs and DIIs Back Sterlite Technologies AI Infrastructure Bet
Sterlite Technologies is a company that makes optical fiber cables.
Recently, both foreign and domestic big investors have been buying more shares of this company.
They believe Sterlite is becoming more important because it is now making special products for AI data centers.
These products help AI servers work better.
The company has also received big orders and is making a profit again after some years.
Investors think Sterlite is a good bet for the future of AI infrastructure.
Both FIIs and DIIs increased their stakes in Sterlite Technologies during Q1FY27.
Sterlite is transitioning from an optical fiber cable manufacturer to a digital connectivity solutions provider for AI data centers.
The company launched Neuralis, an AI-focused connectivity portfolio, and is developing advanced fibers like multi-core and hollow core fibers.
Sterlite received significant orders, including a $1.11 billion multi-year contract, and reported a net profit of ₹56 crore in FY26.
Key investors include Smallcap World Fund Inc. and Sixteenth Street Asian Gems Fund among FIIs, and two mutual funds among DIIs.
- Who
- Sterlite Technologies Limited, FIIs, DIIs
- What
- Institutional investors increasing stake in Sterlite Technologies due to its transition into AI infrastructure
- When
- April-June quarter (Q1FY27)
- Where
- Global, with focus on North America, Europe, and India
- Why
- Sterlite's shift to digital connectivity solutions for AI data centers and enterprises, along with strong order flow and profitability
- Company
- Sterlite Technologies Limited
- FII Stake Increase
- 6.73% points
- DII Stake Increase
- 0.56% points
- Total FII Holding
- 18.2%
- Total DII Holding
- 11.43%
- Global OFC Market Share
- 8% (ex-China)
- AI Infrastructure Projection
- 70% of global data center demand by 2030
- Global Data Center Capex Projection
- $2.8 trillion by 2029