Pace Digitek Subsidiary Lineage Power Opens Pune R&D Center for Battery Research
Pace Digitek Limited's subsidiary, Lineage Power, has launched a dedicated Research & Development Center in Pune and entered a strategic research partnership with IISER Pune. The initiative focuses on developing indigenous Advanced Chemistry Cells and energy storage solutions to support the Make in India vision.
HFCL Launches OptiQ AI Brand for Optical Connectivity to Target $73 Billion Market
HFCL Limited has introduced OptiQ AI™, a unified brand identity for its end-to-end optical connectivity portfolio. The brand targets the rapidly expanding AI, cloud, and hyperscale data center markets with high-density infrastructure designed for 800G and 1.6T network architectures.
Sterlite Technologies Raises ₹1,500 Crore via QIP to Strengthen Capital Base
Sterlite Technologies Limited has successfully concluded a Qualified Institutional Placement (QIP), raising ₹1,500 crore through the allotment of 25.73 million equity shares. The capital infusion increases the company's paid-up equity share capital to ₹1,027.79 crore and is intended to support the firm's balance sheet and growth initiatives in the optical connectivity sector.
Sterlite Technologies Secures Mega ₹10,656 Crore Multi-Year Hyperscaler Order
A subsidiary of Sterlite Technologies (STL) has received a massive Product Award Letter from a global hyperscale partner for a multi-year supply contract. Valued at approximately ₹10,656 Crore ($1.11 billion), the agreement focuses on high-density optical connectivity solutions for AI-ready data center builds through FY29.
HFCL FY26 Revenue Hits ₹4,949 Cr as Net Profit Jumps 90% on Product Exports
HFCL achieved record financial results in FY26, marked by a significant shift toward high-margin products and international markets. The company's strategic pivot into aerospace defense and backward integration into fiber preforms underpinned its improved profitability and order book visibility.
Pace Digitek Secures ₹701.95 Cr Battery Energy Storage Order from Damodar Valley Corp
Pace Digitek Limited has won multiple contracts totaling ₹701.95 crore from Damodar Valley Corporation for a utility-scale Battery Energy Storage System. This landmark project at Maithon, Jharkhand, involves the design, supply, and long-term maintenance of a 250MW/500MWh facility.