Sterlite Tech Secures USD 210 Million International Supply Agreement
Sterlite Technologies Limited (STL) secured a USD 210 Million (approx. ₹1750 crore) long-term supply agreement for high-density optical fiber cable from an international telecom infrastructure company. The contract execution period is three calendar years, from CY27 to CY29.
The order is substantial in value (USD 210 Million) and is with a leading international telecom infrastructure company, indicating a significant business development for STL.
The company has secured a significant international order, which is expected to positively impact its revenue and market position.
Sterlite Technologies Limited (STL) has announced the receipt of a significant order from a leading international telecom infrastructure company. This order is for a long-term supply agreement of high-density optical fiber cable.
The agreement is set to be executed over three calendar years, spanning from CY27 to CY29. The approximate value of this contract is USD 210 Million (approximately ₹1750 crore). STL has confirmed that neither the promoter nor its group companies have any interest in the awarding entity, and the contract does not fall under related party transactions.
This disclosure is made pursuant to Regulation 30 of the SEBI Listing Regulations.
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Sterlite Technologies Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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