Rs 10,938 crore order book: This multibagger telecom manufacturing company wins a Rs 250 crore deal for a public sector entity!
The stock gave multibagger returns of over 880 per cent in 1 decade.
The Indian data centre market is projected to grow from USD 5.6 billion to USD 8 billion by 2026, according to a report by ASSOCHAM-EY, and STL is well poised to cater to this demand through its comprehensive solutions.
STL, a leading optical and digital solutions company, announced a partnership with a public sector entity. In this multi-year agreement, STL will design, build, commission, and maintain 2 data centre facilities, with service deployment across multiple network sites across India. The deal is worth Rs 250 crore.
Sterlite Technologies Ltd will also be responsible for 3 years of operations & management to ensure the reliable functioning of the envisaged project. This critical project will require seamless operations, 24X7 availability and a high level of intelligence to facilitate mission-critical business applications. STL’s technology-led Data Centre connectivity and management solution is custom designed to create intelligent and automated systems to run, monitor and protect the data centres, enabling new-age applications with advanced Cyber security solutions.
Speaking on this collaboration, Praveen Cherian, CEO-Global Services Business, STL, said: “STL has over a decade of experience in building and managing data centres. Our solutions are focused on getting automation and intelligence in the network and IT infrastructure. I am confident that our data centre connectivity and maintenance solution will integrate intelligent infrastructure, real-time monitoring, disaster management and troubleshooting. It will provide a secure, reliable, seamless digital infrastructure for the customer’s operations.
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On Thursday, shares of STL surged 2.99 per cent to Rs 151.80 per share with an intraday high of Rs 155.70 and an intraday low of Rs 147.55. The company has a market cap of over Rs 6,000 crore. As of June 30, 2023, the company’s order book stood at Rs 10,938 crore which is spread across its three business units- Optical Networking, Global Services, and Digital.
The stock gave multibagger returns of over 880 per cent in 1 decade. Investors should keep an eye on this telecom stock.
Disclaimer: The article is for informational purposes only and not investment advice.