Pune-based optic fibre cable manufacturer, Sterlite Technologies Limited (STL), implemented salary cuts due to absence of new orders. Around 100 executives departed. Pravin Agarwal received Rs 8.17 crore and Ankit Agarwal Rs 3.94 crore in 2023. STL positioned itself for growth through initiatives like Digital Business Undertaking transfer and Hexatronic Group AB acquisition.

Source: This Pune-based technology company is cutting salaries after job cuts