Introduction:
Anil Agarwal-backed stock secured a ₹2,631.14 crore contract in consortium with Dilip Buildcon for BharatNet’s middle mile network in J&K and Ladakh, marking a major boost to its telecom infrastructure presence and strengthening its role in India’s digital connectivity expansion.
Share Price movement of Sterlite Technologies:
On March 28, 2025, Sterlite Technologies Ltd opened at ₹84.00, reached a high of ₹86.75, up 5% from its previous close of ₹82.62, with a low of ₹83.99. The stock is currently trading at ₹85.43, with a market cap of ₹4,168.31 Crores.
Sterlite Technologies received order:
Sterlite Technologies Ltd, in consortium with Dilip Buildcon Ltd, has received an Advance Work Order from BSNL for designing, supplying, constructing, upgrading, and maintaining the middle mile network of BharatNet in Jammu & Kashmir and Ladakh telecom circles under a significant digital infrastructure initiative.
The total project size is valued at ₹2,631.14 crore, including capex of ₹1,620.50 crore, and operational expenditure of ₹972.30 crore for the new network and ₹38.33 crore for the existing network. The project spans three years for construction and ten years of maintenance with annual O&M charges.
This project is a domestic contract awarded by BSNL, with STL’s Global Services Business executing the order, which is to be demerged into STL Networks Limited as per the NCLT-approved scheme. The contract does not involve related-party transactions or any promoter group interest.
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Recent news About Sterlite Technologies:
Sterlite Technologies has partnered with Wyre to develop a multi-gigabit Fiber-to-the-Home (FTTH) network across Flanders and Brussels in Belgium. This collaboration aims to streamline fiber deployment and minimize construction disruptions, aligning with Wyre’s commitment to efficient and considerate infrastructure expansion
Stock performance of Sterlite Technologies for Period of 1 week, 6 months and 1 year:
Anil Agarwal-backed stock declined 4.72% over the past week, reflecting weak short-term sentiment. Over six months, it dropped 34.4%, and in one year, it fell 25.4%, indicating sustained pressure and underperformance across all observed timeframes in the market.
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Shareholding pattern of Sterlite Technologies:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 44.17 | 44.17 | 44.18 |
| FII | 8.71 | 8.36 | 7.77 |
| DII | 9.42 | 10.7 | 11.74 |
| Retail & others | 37.7 | 36.78 | 36.3 |
About Sterlite Technologies:
Sterlite Technologies Ltd (STLTECH) is a leading global provider of optical and digital network solutions. It offers end-to-end fiber infrastructure, network design, and deployment services. The company supports telecom, enterprise, and government clients, contributing to India’s digital and broadband connectivity initiatives.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
