Sterlite Technologies Partners with Hygenco to Launch Maharashtra’s First Green Hydrogen Plant, aiming for Net Zero by 2030 through 100% Green Hydrogen Use in Optical Fibre Manufacturing at the Industry 4.0-enabled Chhatrapati Sambhaji Nagar Facility.
Sterlite Technologies hit a fresh 52-week high following its strategic partnership with Hygenco to set up Maharashtra’s first green hydrogen plant dedicated to optical fibre manufacturing. This initiative supports the company’s goal of becoming one of the first in the world to adopt 100% green hydrogen in its production process, with a broader target of achieving net-zero emissions by 2030.
STL (Sterlite Technologies Ltd.), a prominent global leader in optical and digital solutions, has announced a significant stride in sustainable manufacturing. The company has partnered with Hygenco to establish Maharashtra's inaugural green hydrogen and green oxygen production facility, specifically designed for optical fibre manufacturing. This pioneering green hydrogen project, situated in Chhatrapati Sambhaji Nagar, Maharashtra, is set to provide green hydrogen and oxygen directly to STL's glass preform facility in the same region.
This initiative positions STL as one of the world's first optical fibre manufacturers to integrate 100% green hydrogen into its production processes, aligning with its ambitious goal to achieve Net Zero emissions by 2030. Under the terms of the collaboration, Hygenco will be responsible for building, owning, and operating the facility, ensuring a consistent and commercially viable supply for a period of 20 years.
STL’s semiconductor-grade Glass Preform manufacturing facility in Chhatrapati Sambhaji Nagar is an Industry 4.0-enabled plant. It focuses on producing Glass Preforms, essential for creating high-quality optical fibres. Hydrogen and oxygen play a vital role in the optical fibre manufacturing process, serving as fuel in blast furnaces to convert silica particles into glass. Through a strategic Green Hydrogen collaboration with Hygenco, STL aims to reduce carbon emissions by ~30% annually. The plant now features advanced autonomous energy management systems, real-time monitoring, and automated control technologies, enhancing safety and operational efficiency
Speaking on the successful commissioning of the green hydrogen plant, Rahul Puri, CEO - Optical Networking Business, STL, said: “By leveraging 100% green hydrogen for its glass preform manufacturing, STL is setting a new global benchmark for decarbonization in the optical fibre industry. Our collaboration with Hygenco exemplifies our commitment towards sustainability and operational excellence. We are proud to lead the way in integrating green hydrogen into large-scale manufacturing and look forward to continuing our efforts to build a greener, more resilient future for India and the world.”
“Green Hydrogen has the potential to be a game-changer in India's journey towards sustainability. Our long-term engagement with STL represents a bold step forward in decarbonising industrial processes. We are proud to enable STL to lead the global optical fibre industry into a new era of green manufacturing,” said Amit Bansal, CEO, Hygenco Green Energies Pvt. Ltd.
For the quarter ended March 2025, the company reported a consolidated revenue from operations of ₹1,052 crore, reflecting a year-on-year growth of 24.79% compared to ₹843 crore in the same quarter last year. The consolidated profit after tax stood (continued operation) at ₹5 crore, marking a turnaround from a net loss of ₹93 crore in the corresponding quarter of March 2024.
For the full financial year ended March 2025, the company posted a consolidated revenue from operations of ₹3,996 crore, slightly lower by 2.13% compared to ₹4,083 crore in FY24. The consolidated net loss stood at ₹72 crore, marginally higher than the ₹71 crore loss recorded in the previous year, indicating a 1.41% increase in annual loss.
Sterlite Technologies' share price jumped nearly 6.5% on Thursday as the company launched its first green hydrogen plant in Maharashtra. As of 2:23 pm IST, the stock was trading at ₹118.50, up by 3.43%. On a year-to-date basis, the stock has jumped by 39.43% while in the last three months it has surged by 92.96%.
Sterlite Technologies Limited (STL) operates in the global digital networks industry. The company is a leading integrator of digital networks, providing advanced end-to-end solutions for telecom companies, cloud companies, citizen networks, and large enterprises. Their comprehensive offerings include optical fiber and cables, network software, and services that enable the creation of high-speed, low-latency, and scalable network infrastructures essential for the digital age.
Disclaimer: The article is for informational purposes only and not investment advice.
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