GENERAL8 Sept 2026
STL targets ₹20,000 crore revenue by FY29 under 'Lakshya' growth plan
Sterlite Technologies has announced its 'Lakshya' plan to reach ₹20,000 crore revenue by FY29, up from ₹4,745 crore in FY 2025-26. The company sees AI-driven data centres as a big opportunity. India's data centre capacity is expected to grow from 1.5 GW to 10 GW by 2030, helped by tax holidays. Optical fibre demand per rack is rising sharply with new AI hardware.
Key Statutory Highlights
- STL targets ₹20,000 crore revenue by FY29 under its 'Lakshya' plan, up from ₹4,745 crore in FY 2025-26.
- India's data centre capacity is expected to increase from 1.5 GW to 10 GW by 2030, supported by a tax holiday to 2047.
- New AI hardware like VERA Rubin needs about 64,000 fibres per rack, a sharp jump from earlier generations.
Actionable Advice for Taxpayers / Founders:If you are in digital infrastructure or related services, watch India's data centre build-out and submarine cable projects—they may open supply-chain or investment opportunities.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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