Sterlite Technologies Ltd receives order worth Rs. 960 crores

Sterlite Technologies Limited (the Company' or 'STL') has received an order from Domestic Telecom Operator for supply of optical fibre cables as per customer specifications.

The order involves Multi-year Supply Agreement (period of 2 years and extendable by another 2 years on mutual agreement) i.e., FY28 and FY29 (further extendable by another 2 years on mutual agreement).

The order size is approx. INR 960 cr.

Contract Terms & Execution Framework

The contract covers the manufacture and supply of high-performance optical fibre cables customized to the customer's specific technical guidelines and network design criteria.

Order Value: Approximately ₹960 crore.

Scope of Supply: Supply of optical fibre cables as per customer specifications.

Execution Timeline: Scheduled for execution across FY28 and FY29.

Contract Tenure: Multi-year supply agreement spanning 2 years, with an option to extend for an additional 2 years based on mutual consent.

Awarding Entity: A domestic telecom operator (Domestic Entity).

Shares of Sterlite Technologies Limited was last trading in BSE at Rs. 556.50 as compared to the previous close of Rs. 530.00. The total number of shares traded during the day was 38901 in over 168 trades.

The stock hit an intraday high of Rs. 556.50 and intraday low of 556.50. The net turnover during the day was Rs. 21648406.00.

Source : Equity Bulls

Keywords

SterliteTechnologies INE089C01029 STL OrderWin