Sterlite Technologies Bags ₹960 Cr Order
Sterlite Technologies secured an order from a domestic telecom operator for optical fibre cable supplies. The contract is valued at approximately ₹960 Crore.
- Value
- ₹960.0 Cr
- Execution
- FY28 and FY29
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Sterlite Technologies secured an order from a domestic telecom operator for optical fibre cable supplies. The contract is valued at approximately ₹960 Crore.
STL delivered record Q1 FY27 results with revenue growth of 87% YoY and historic high PAT margins. Management is pivoting towards high-margin AI data center connectivity solutions.
STL reported its highest-ever financial performance in Q1 FY27, driven by massive AI data center demand and a landmark $1.11B order win.
Sterlite Technologies Limited granted 17,94,800 stock options under its ESOP 2016 scheme. Options are exercisable at Rs. 2 per share.
Sterlite Technologies Limited will hold its 27th Annual General Meeting on August 19, 2026. The company has fixed August 12, 2026, as the cut-off date for e-voting.
Sterlite Technologies' US subsidiary launched CONCAT, an advanced FTTH solution. The plug-and-play system offers up to 71% labor cost savings for fiber deployments.
STL delivered strong FY26 performance with Revenue at INR 4,745 Cr and EBITDA margin of 13.2%, driven by a 109% surge in order intake.
Sterlite Technologies scheduled a board meeting for July 24, 2026. The board will consider unaudited standalone and consolidated financial results for the June quarter.
Sterlite Technologies allotted 15,107 equity shares under its 2010 and 2016 ESOP schemes. Paid-up capital increased to Rs.102.78 Crore following the allotment.
Motilal Oswal Mutual Fund acquired 47,16,484 shares in Sterlite Technologies. The stake rose to 5.72% from 4.75% via market transactions on July 1, 2026.
Sterlite Technologies' long-term credit rating was upgraded by ICRA from AA- to AA. The short-term rating was reaffirmed at A1+.
Sterlite Technologies updates on litigation: Fujikura’s UK patent revoked. Company to pursue recovery of legal costs from Fujikura.
Sterlite Technologies raised ₹1,500 Crore through a qualified institutional placement of 25.73 million equity shares at ₹583.01 each. The capital boost increases paid‑up equity to ₹1,027.79 Crore.
Sterlite Technologies raised ₹149.81 Crore through the allotment of 2,57,85,500 equity shares to QIBs. Shares were issued at ₹581.01 per share.
Bandhan Mutual Fund sold 18,15,000 equity shares of Sterlite Technologies via open market. Holding decreased from 5.2728% to 3.0252%.
Sterlite Technologies launched a Qualified Institutions Placement with a floor price of ₹613.69 per share. The issue is now open for eligible investors.
Bandhan Mutual Fund sold 18,15,000 equity shares of Sterlite Technologies Limited via the open market. This reduces their holding from 5.27% to 3.02%.
Sterlite Technologies clarified that no undisclosed price-sensitive information exists regarding recent trading volume increases. The company confirms full compliance with SEBI Regulation 30 disclosure requirements.
Sterlite Technologies granted 56,287 stock options at Rs. 2/- per share under its ESOP 2016 scheme. Options vest over three years with five-year exercise windows.
Sterlite Technologies bagged a massive ₹10,623 Crore contract from a US-based hyperscale partner. The optical connectivity supply agreement spans financial years 2027 to 2029.
Sterlite Technologies secured a ₹10,656 Crore multi-year contract from an international hyperscaler for optical connectivity products. This project supports AI-ready data center builds through FY29.
STL delivered a return to profitability in FY26 with revenues of ₹4,745 Cr and 13.2% EBITDA margin, driven by AI-led data center demand and optical fiber recovery.
Sterlite Technologies submitted its Annual Secretarial Compliance Report for FY2026. The report confirms overall regulatory compliance with noted technical filing waivers from exchanges.
Sterlite Technologies submitted a revised XBRL instance file to rectify missing EPS data in its standalone financial results. The update addresses an exchange query regarding typographical errors.
Sterlite Technologies' petition against BSNL was dismissed by the Delhi High Court. Any resulting contingent liability now pertains to the demerged entity, STL Networks Limited.