Sterlite Technologies Secures International Long-Term Contract Valued at Approximately USD 210 Million
Sterlite Technologies Limited (STL) has secured a significant long-term supply agreement with a leading international telecom infrastructure company. The contract involves the supply of high density optical fiber cable and is expected to run for three calendar years.The order represents a substantial business win for Sterlite, confirming its position in the telecommunication infrastructure market. Details regarding the new contract have been provided by the company, specifying key terms related to duration, value, and scope.
The agreement details confirm that the client is an international entity. The transaction is defined as a Long Term Supply Agreement for high density optical fiber cable. Sterlite Technologies Limited confirmed that there are no conflicts of interest or related party concerns associated with this contract, noting that neither the promoter nor any group companies have an interest in the awarding entity.
Key details regarding the contract include:
| Particulars | Details |
|---|---|
| Client | Leading telecom infrastructure company |
| Nature of Order | Long Term Supply Agreement |
| Product Supplied | High density optical fiber cable |
| Contract Duration | Three calendar years (CY27-29) |
| Estimated Value | Approximately USD 210 Million |
STLTECH Stock Price Movement
Shares of Sterlite Technologies Limited rallied today, settling at ₹634.65 after gaining 5.00%. The stock saw a trading volume of 1.53 million shares, reinforcing its strong performance in the telecommunications sector.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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