Rs 8,630 Crore Order Book: Power Transmission Cable Manufacturer Emerges As Lower Bidder (L1) For Order Worth Rs 1625,36,49,617.26 From BSNL

As of September 30, 2024, the company’s order book stood at Rs 8,630 crore which is spread across its three business units- Optical Networking, Global Services and Digital.

Sterlite Technologies Limited (STL) emerges as lower bidder (L1) for contract from Bharat Sanchar Nigam Limited (BSNL) to develop, upgrade, operate, and maintain the middle-mile network of BharatNet in Jammu & Kashmir. This Design, Build, Operate, and Maintain (DBOM) model contract is valued at Rs 1625,36,49,617.26. The project is expected to be completed within three years, followed by a ten-year maintenance period. This win underscores STL's strong position in the optical and digital solutions market and its commitment to contributing to India's digital infrastructure.

About the Company

Sterlite Technologies Limited was established in July 2001 after the demerger of the telecom division of Sterlite Industries Ltd (SIL). In July 2006, STL acquired the transmission line business of SIL to foray into the power transmission cables business. STL has grown over the years to become the largest optical fibre and optical fibre cable manufacturer in the country. The company also has a sizeable presence in overseas markets with an established presence in the global optical fibre market.

On Friday, shares of Sterlite Technologies Ltd gained 3.36 per cent to Rs 126.20 per share from its previous closing of Rs 122.10 with an intraday high of Rs 130.75 and an intraday low of Rs 121.95. The stock’s 52-week high is Rs 170 while its 52-week low is Rs 109.80. The shares of the company saw a spurt in volume by more than 3.65 times on BSE and stock is up by 19 per cent from its 52-week low of Rs 109.80 per share.

Order book: As of September 30, 2024, the company’s order book stood at Rs 8,630 crore which is spread across its three business units- Optical Networking, Global Services and Digital.

Investors should keep an eye on this telecom stock.

Disclaimer: The article is for informational purposes only and not investment advice.