STL wins a ~Rs 250 crore deal for building and maintaining data centres for a public sector entity

STL [NSE: STLTECH], a leading optical and digital solutions company, today, announced a partnership with a public sector entity. In this multi-year agreement, STL will design, build, commission, and maintain 2 data centre facilities, with service deployment across multiple network sites across India.

STL will also be responsible for 3 years of operations & management to ensure the reliable functioning of the envisaged project. This critical project will require seamless operations, 24X7 availability and a high level of intelligence to facilitate mission-critical business applications. STL's technology-led Data Centre connectivity and management solution is customdesigned to create intelligent and automated systems to run, monitor and protect the data centres, enabling newage applications with advanced Cyber security solutions.

The Indian data centre market is projected to grow from ~US$ 5.6 billion to ~US$ 8 billion by 2026, according to a report by ASSOCHAM-EY, and STL is well poised to cater to this demand through its comprehensive solutions.

Speaking on this collaboration, Praveen Cherian, CEO-Global Services Business, STL, said: "STL has over a decade of experience in building and managing data centres. Our solutions are focused on getting automation and intelligence in the network and IT infrastructure. I am confident that our data centre connectivity and maintenance solution will integrate intelligent infrastructure, real-time monitoring, disaster management and troubleshooting. It will provide a secure, reliable, seamless digital infrastructure for the customer's operations.

Shares of Sterlite Technologies Limited was last trading in BSE at Rs. 147.40 as compared to the previous close of Rs. 146.65. The total number of shares traded during the day was 127886 in over 1958 trades.

The stock hit an intraday high of Rs. 148.70 and intraday low of 145.80. The net turnover during the day was Rs. 18824149.00.

Source : Equity Bulls

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SterliteTechnologies INE089C01029 STL Partnership