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Sterlite Tech Share Price Jumps Over 15% After Securing ₹ 2,631 Crore BharatNet Contract from BSNL

Sterlite Technologies Stock Price in Focus Today: Shares of Sterlite TechnologieS, One of the largest manufacturers of optical fiber and optical fiber cables, surgged 15.2% in INTRADAY TRADE on Thursday, June 12, June 12, Hitting a 4-Veryk high 88.7 Apiece.

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The rally followed the company’s announsement, via a regulatory filing on June 11, that it had signed an agrement with bharat sanchar nigam limited (bsnl), in consortium with dilip building, for 2,631.14 Crore Telecom Project.

The company said the contrast was secured through its demerged global services business, stl networks. The project involves the Design, Supply, Construction, Installation, Upgradation, Operation, and Maintenance, and Maintenance, and Maintenance, of the Middle-Mile Network for Bharatnet in the Jammu & Kashmir and LADAKH TELECOMR CIRCLES.

The order will require three years for connection, and ten years of maintenance contract, the company said, involving 1620.50 Crore in Capex, Operating Expenditor of 972.30 Crore for Newly Constructed Network and 38.33 Crore as Opex for Existing Network.

In Q4 FY25, The Company’s Optical Networking Business Reported 26% Year-On-Year Revenue Growth and a 110% Increase in Ebitda Compared to Q4 FY24. This growth was driven by strong Momentum in the Enterprise Connectivity and Data Center Businesses, Along with a 22% Attach Rate in the Optical Connectivity (OC) SEGMENT.

The company reported revenues of 1,052 Crore and 3,996 Crore for the full fy25 across its business units – optical networking and digital. Stl delivered an ebitda margin of 13.8% and ebitda of 146 Crore, The Highest in the Past Six Quarters.

In its earnings filing, the company stated that the enterprise and data center businesses, saw robust demand in europe and India, as stl supported key players in these regions in these regions to expert Solutions.

Disclaimer, The views and recommendations giving in this article are that of individual analysts. These do not represent the views of Mint. We Advise Investors to Check With Certified Experts Before Taking Any Investments Decisions.

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