Shares of Sterlite Technologies were trading in the green on 8 September after the company announced its partnership with American broadband services provider TruVista.

The Vedanta-Group company said in its regulatory filing that it has collaborated with optical fibre and network solutions provider TruVista to improve fibre connectivity across South Carolina.

The company said that since 2021, it has been providing its products like Nova A1, which is a high-performance fibre optic cable with exceptional bending capabilities and optical connectors such as MST Optblaze to TruVista. However, now they are growing their partnership to deploy fibre to homes in rural South Carolina and beyond.

The company is engaged in the business of building, designing, and managing digital networks worldwide and specialises in optical communication and data transmission solutions.

The company caters to industries such as data centres, telecommunication, and smart cities.

In the quarterly report for the April-June quarter, the company reported a whopping Rs 52 crore net profit against the Rs 24 crore net loss recorded in the year-ago quarter.

The company reported a 2.35% YoY growth in its revenue from operations at Rs 1,522 crore.

At 3:30 pm, the shares of Sterlite Technologies closed at Rs 171.15 or 1.57% above its previous close on NSE.