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.

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.