STL Networks Secures ₹360 Crore Data Center Infrastructure Contract from PowerGrid Teleservices
A contract valued at over ₹360 crore represents a substantial financial gain and strategic win, significantly impacting the company's financial performance and market standing.
The company has secured a significant contract worth over ₹360 crore from a major public sector undertaking's subsidiary, which is expected to boost revenue and market position.
* Invenia - STL Networks Limited has secured a major contract worth over ₹360 crore from PowerGrid Teleservices Limited (PowerTel), a wholly owned subsidiary of Power Grid Corporation of India Limited (PGCIL). * Under the agreement, Invenia will design, build, commission, and maintain the complete IT and cloud infrastructure for a greenfield Tier III data centre at PowerGrid's Manesar facility. * The project also includes establishing a Disaster Recovery Data Centre (DRDC) and delivering a scalable Infrastructure as a Service (IaaS) solution, complemented by Disaster Recovery Services. * A comprehensive Operation & Maintenance (O&M) will ensure the long-term performance and operational readiness of the data centre. * Pankaj Malik, Chief Executive Officer of Invenia, stated that this partnership on a state-of-the-art Tier III facility will address current and future demands for cloud and disaster recovery services, reinforcing the company's commitment to enabling mission-critical infrastructure. * The data centres will integrate advanced cooling systems and scalable, energy-efficient designs, aligning with India’s digital and sustainability vision and climate commitments.
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STL Networks 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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