Sterlite Technologies Secures Approx. INR 960 Cr Contract for Multi-Year Optical Fibre Cable Supply
Sterlite Technologies Limited has secured a significant supply agreement from a Domestic Telecom Operator. The multi-year contract involves the provision of optical fibre cables as per customer specifications, valued at approximately INR 960 crore.The order is defined as a domestic transaction with the Domestic Telecom Operator. The agreement details the supply of specialized optical fibre cables and spans multiple financial years.
As per the terms of the agreement, Sterlite Technologies Limited will execute the contract during FY28 and FY29, with provisions for an extension period of two additional years upon mutual consent from both parties.
The key parameters of the order are summarized below:
| Particulars | Detail |
|---|---|
| Entity Awarding Order | Domestic Telecom Operator |
| Nature of Transaction | Supply of optical fibre cables as per customer specifications |
| Contract Value | Approximately INR 960 cr. |
| Initial Duration | Multi-year (2 years, extendable by 2 years) |
| Execution Period | FY28 and FY29 (further extendable) |
The agreement confirms that the transaction is not considered a related party matter.
STLTECH Stock Price Movement
On Friday, shares of Sterlite Technologies Limited rallied strongly, closing at ₹557.05 after gaining 4.99%. The stock saw active trading throughout the session, registering a total volume of 1.46 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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