Sterlite Technologies Signs $288 Million Long-Term Contract with International Hyperscaler
Sterlite Technologies Limited secured a long-term supply agreement with an international hyperscaler valued at approximately USD 288 Million (₹2400 crore). The contract spans three years (CY27-CY29) with an extension option, covering high-density optical fibre cable products.
The contract value is substantial and represents a long-term commitment from a leading hyperscaler, which is expected to have a significant positive impact on the company's revenue and market position.
The company has secured a significant long-term contract with a major international client, indicating business growth and expansion.
Sterlite Technologies Limited (STL) has announced the signing of a long-term supply agreement with a leading international hyperscaler. The contract, effective for three calendar years from 2027 to 2029, with an option for a two-year extension, involves the allocation of high-density optical fibre cable products as per customer specifications.
Purchase orders will be released periodically throughout the contract duration. The agreement includes a reciprocal risk-sharing framework, outlining mutual, capped financial liabilities for both parties concerning demand shortfalls or supply capacity shortages. The approximate value of this contract is USD 288 Million (approximately ₹2400 crore).
This significant development positions STL to supply critical optical fibre cable products to a major global player in the digital infrastructure space.
A plain-language summary of a public exchange filing by Sterlite Technologies Limited. Read the original for the full detail.