Latest news with #STL
Time of India
4 days ago
- Business
- Time of India
BharatNet Phase-III: Polycab wins ₹6,447.54-crore deal for Karnataka, Goa and Puducherry circle
NEW DELHI: State-controlled Bharat Sanchar Nigam Limited ( BSNL ) has awarded a ₹6,447.54-crore deal to homegrown electrical wires and optical cable manufacturer Polycab to construct and maintain a middle-mile network under the BharatNet Phase-III programme in Karnataka, Goa and Puducherry telecom circle. '...Polycab India Limited has executed an agreement with BSNL as the Project Implementation Agency for Design, Supply, Construction, installation, upgradation, operation and maintenance of middle mile network of Bharat Net in Karnataka, Goa and Puducherry Telecom Circle against Package No. 4 amounting ₹6,447.54 crores (inclusive of GST),' Polycab said in a regulatory filing in aftermarket hours Tuesday. The deal value comprises a capital expenditure (capex) of ₹3,741.92-crore and operating expenditure (opex) of ₹2,245.15-crore, and an opex of ₹460.47-crore for the existing network, as per the filing. BharatNet , a rural telecom connectivity project, is aimed at providing non-discriminatory access to broadband connectivity to all telecom operators (telcos). BSNL has previously awarded contracts to Polycab, ITI Limited, Sterlite Technologies (STL), Telecommunications Consultants of India Limited (TCIL), and Pratap Technocrats, among others, under multiple packages of the BharatNet Phase-III programme. ETTelecom reported on August 7, 2024, that the Telecommunications Consultants of India Limited (TCIL), ITI Limited, indigenous optical fiber cable (OFC) makers HFCL, STL, Polycab, and Pratap Technocrats, are among the bidders for the third phase of the Centre's ambitious BharatNet programme. Indigenous OFC makers Polycab, STL and HFCL presented solo bids while as many as 18 bidders, including G R Infraprojects, Vindhya Telelinks, Pace Digitek Infra Private Limited, Rail Vikas Nigam Limited (RVNL), Bharat Electronics Limited, Megha Engineering, and others, took the consortium route. A total of 21 bidders put in their bids under the BharatNet 3 program for Madhya Pradesh, Rajasthan, Uttar Pradesh (East), Uttar Pradesh (West), Karnataka, Uttarakhand, Bihar, Himachal Pradesh, West Bengal, Jammu & Kashmir, North East Region – I and North East Region – II, and others. In early 2024, the Centre rolled out the BharatNet III programme with an outlay of Rs 65,000-crore. The last date to submit bids was August 6, 2024. The tender is part of the Prime Minister Narendra Modi-led government's Rs 1.39 lakh crore BharatNet programme which aims to provide last-mile broadband connectivity, and upgrade the existing 164,000 gram panchayats, as well as, connect 47,000 gram panchayats under the new model.
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Business Standard
5 days ago
- Business
- Business Standard
Smallcap stock zooms 42% in 2 days; 134 mn shares change hands on NSE, BSE
Share price of Sterlite Technologies today: Shares of Sterlite Technologies (STL) continued their upward movement, soaring 19.7 per cent to ₹119 on the BSE in Tuesday's intraday trade to hit a fresh 52-week high amid heavy volumes. In the past two trading days, the stock price of this optical and digital solutions company has surged 42 per cent after the company expanded its Data Centre portfolio to meet emerging requirements for AI data centres. The stock price of smallcap telecom equipment & accessories company surpassed its previous 52-week high level of ₹115.97 touched on July 30, 2024. In the past one week, it zoomed 49 per cent, as compared to 1.1 per cent decline in the BSE Sensex during the same period. The stock has bounced back 91 per cent from its previous month low of ₹59 touched on May 9, 2025. At 11:55 AM, STL was quoting 14.4 per cent higher at ₹113.7, as against 0.25 per cent decline in the BSE Sensex. The average trading volumes on the counter jumped multiple-fold. A combined 133.93 million shares, representing 27.45 per cent of total equity of STL, changed hands on the NSE and BSE till the time of writing this report. Retail individual shareholders held nearly 30% stake in STL As on March 31, 2025, retail individual shareholders held nearly 30 per cent stake in STL, the shareholding pattern data shows. Resident Individuals holding nominal share capital up to ₹2 lakh (22.13 per cent) and Resident Individuals holding nominal share capital in excess of ₹2 lakh (7.39 per cent) have collectively held 144 million shares or 29.52 per cent stake in STL, data shows. The promoters including Twin Star Overseas held 44.16 per cent holding in STL. Expands Data Centre portfolio STL on Monday announced the launch of a new generation of Data Centre solutions, ranging from cabling to end-to-end connectivity offerings designed to power the relentless demands of AI-driven data centre infrastructure. This new-age solution is engineered to meet the exact requirements of hyperscalers, colocation players, enterprises and telecom service providers to build agile, scalable, and sustainable Data Centre infrastructure, the company said, in a press release. With the global data centre market projected to reach $517 billion by 2030 (growing at a compounded annual growth rate (CAGR): 10.5 per cent from 2021- 2030), legacy infrastructure cabling systems are buckling under the demands for lower network latencies, rising network speeds and density requirements, as well as sustainability mandates. With this launch, STL bridges this gap by bringing to the core its more than 30 year's leadership in Optical network connectivity, the company said. STL has partnered with Tech Data – India, a TD SYNNEX subsidiary, a leading global distributor and solutions aggregator for the IT ecosystem, to make STL solutions available in India. FY26 outlook The management in the Q4 earnings conference call said as the STL advances to the next fiscal of FY26 directionally, its strategic priorities remain the same in the optical networking business. Some of the key strategic priorities for FY26 – the company's focus remains on driving growth by increasing market share and optical fiber cables and improving our connectivity attach rates. To achieve the goal of generating significant revenue from data center enterprise segments, STL will accelerate the development of comprehensive data center product suites and tap a vast potential in this market. Additionally, the management said the company will sustain its efforts to drive technology and cost leadership in the optical domain. About Sterlite Technologies (STL) Sterlite Technologies (STL) is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks.
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Business Standard
6 days ago
- Business
- Business Standard
Sterlite Technologies surges 13% on heavy volumes; soars 22% in 3 days
Share price of Sterlite Technologies today Shares of Sterlite Technologies (STL), a leading optical and digital solutions company, hit an over three-month high at ₹94.38, surging 13 per cent on the BSE in Monday's intra-day trade amid heavy volumes after the company said it expanded its Data Centre portfolio to meet emerging requirements for AI data centres. The stock price of this smallcap telecom equipment & accessories company was trading at its highest level since February 25, 2025. In the past three trading days, it has rallied 22 per cent, and bounced back 59 per cent from its previous month low of ₹59 touched on May 9, 2025. At 12:49 PM; STL was quoting 12.8 per cent higher at ₹94.03, as compared to 0.80 per cent rise in the BSE Sensex. The average trading volumes at the counter jumped over five-fold. A combined 31.18 million shares representing 6.4 per cent of the total equity of STL changed hands on the NSE and BSE. Catch Stock Market Updates Today LIVE STL today announced the launch of a new generation of Data Centre solutions, ranging from cabling to end-to-end connectivity offerings designed to power the relentless demands of AI-driven data centre infrastructure. This new-age solution is engineered to meet the exact requirements of hyperscalers, colocation players, enterprises and telecom service providers to build agile, scalable, and sustainable Data Centre infrastructure, the company said in a press release. With the global data centre market projected to reach $517 billion by 2030 (growing at a compounded annual growth rate (CAGR): 10.5 per cent from 2021- 2030), legacy infrastructure cabling systems are buckling under the demands for lower network latencies, rising network speeds and density requirements, as well as sustainability mandates. With this launch, STL bridges this gap by bringing to the core its 30+ year's leadership in Optical network connectivity, the company said. STL has partnered with Tech Data - India, a TD SYNNEX subsidiary, a leading global distributor and solutions aggregator for the IT ecosystem, to make STL solutions available in India. Signs agreement with Bharat Sanchar Nigam Limited (BSNL) STL through its Global Services Business (the demerged business vertical), in consortium with Dilip Buildcon, entered into an Agreement with Bharat Sanchar Nigam Limited (BSNL) on June 11, 2025. The agreement pertains to the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network under BharatNet for the Jammu & Kashmir and Ladakh Telecom Circles - Package 13. The total value of the contract was ₹2,631.14 crore (inclusive of GST), comprising capital expenditure (capex) of ₹1,620.50 crore and operating expenditure (opex) of ₹972.30 crore for the new network and ₹38.33 crore for the existing infrastructure. The construction phase will span three years, followed by a 10-year maintenance period. Maintenance payments will be made at 5.5 per cent per annum of capex for the first five years and 6.5 per cent annually for the remaining five, according to the release issued by the company. Sterlite Technologies - FY26 outlook The management in the Q4 earnings conference call said STL's strategic priorities remain the same in the optical networking business. Some of the key strategic priorities for FY26 - the company's focus remains on driving growth by increasing market share and optical fiber cables and improving connectivity attach rates. To achieve the goal of generating significant revenue from data center enterprise segments, STL will accelerate the development of comprehensive data center product suites and tap a vast potential in this market. Additionally, the management said the company will sustain its efforts to drive technology and cost leadership in the optical domain. About Sterlite Technologies (STL) Sterlite Technologies (STL) is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks.
Business Standard
6 days ago
- Business
- Business Standard
STL expands Data Centre portfolio to meet emerging requirements for AI data centres
PRNewswire Mumbai (Maharashtra) [India], June 16: STL (NSE: STLTECH), a leading optical and digital solutions company, today announced the launch of a new generation of Data Centre solutions, ranging from cabling to end-to-end connectivity offerings designed to power the relentless demands of AI-driven data centre infrastructure. This new-age solution is engineered to meet the exact requirements of hyperscalers, colocation players, enterprises and telecom service providers to build agile, scalable, and sustainable Data Centre infrastructure. - High-performance, comprehensive cabling and connectivity solutions and engineering services - Fully compliant solutions, meeting international standards With the global data centre market projected to reach USD 517 billion by 2030 (growing at a CAGR: 10.5% from 2021-2030), legacy infrastructure cabling systems are buckling under the demands for lower network latencies, rising network speeds and density requirements, as well as sustainability mandates. With this launch, STL bridges this gap by bringing to the core its 30+ years leadership in Optical network connectivity. STL's data centre products are designed, manufactured, and tested in a state-of-the-art manufacturing facility, meeting international standards. STL's solutions are fully compliant with ANSI/TIA-942, TIA-568 and ISO 11801 standards and backed by a 25-year performance warranty, ensuring reliability. STL Data Centre solution includes high-performance fibre and copper cabling solutions designed for modern buildings, campuses, and data centres. Copper systems ensure reliable data, security, and AV connectivity, while the riser and campus fibre cabling support high-speed, low-latency networking for smart infrastructure. Pre-terminated multi-fibre systems with LC/MPO connectors provide scalable, space-efficient solutions ideal for data centres. STL Celesta, high-density IBR technology, offers a high-capacity, low-latency solution for scalable, future-ready deployments for inter-data centre connectivity. "The future of data centres lies in architectures that balance scale, speed, and sustainability," said Rahul Puri, CEO, Optical Networking Business, STL . "In today's AI-driven era, Data Centre solutions aren't just about moving data--they're about enabling intelligence at scale. At STL, we recognise that every data centre has unique requirements. We therefore pair our cutting-edge solutions with bespoke design services, ensuring each deployment meets every unique requirement and is on time. Together, we're not just building infrastructure; we're architecting the backbone for tomorrow's digital economy." STL has partnered with Tech Data - India, a TD SYNNEX (NYSE: SNX) subsidiary, a leading global distributor and solutions aggregator for the IT ecosystem, to make STL solutions available in India. Tech Data's edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. With a strong presence in over 70 cities in India, Tech Data - India will play a pivotal role in empowering channel partners and end-customers. "As the exclusive distributor for STL in India, Tech Data leverages its global presence to enhance market reach and support future expansion into other geographies," said Bejoy Thekkekara, Senior Director, Networking, Tech Data India. "Tech Data's capabilities and commitment lies in onboarding new partners, accelerating STL's go-to-market, and bolstering brand positioning through market insights based on our deep expertise in the IT channel and ecosystem. Additionally, Tech Data brings to the table supply chain efficiency, as well as essential financing support through our Tech Data Capital offering, empowering STL to thrive in a competitive landscape." To explore STL's expanded Data Centre Portfolio, visit About STL - Sterlite Technologies Ltd: STL is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks. Read more, Contact us, | Twitter | LinkedIn | YouTube For more information, contact: Media Relations Shaily Raj Sinha Investor Relations Ajay Jhanjhari investor@ Logo:
Business Standard
6 days ago
- Business
- Business Standard
Sterlite Tech jumps after launching AI-driven data centre solutions
Sterlite Technologies (STL) surged 7.57% to Rs 89.66 after the company announced the launch of new generation data centre solutions, ranging from cabling to end-to-end connectivity offerings designed to meet the demands of AI-driven data centre. According to an exchange filing, this new-age solution is engineered to meet the requirements of hyperscalers, colocation providers, enterprises, and telecom service providers in building agile, scalable, and sustainable data centre infrastructure. The company stated that with the global data centre market projected to reach $517 billion by 2030growing at a CAGR of 10.5% from 2021 to 2030legacy infrastructure cabling systems are buckling under the pressure of lower latency demands, increasing network speeds, higher density requirements, and sustainability mandates. With this launch, STL aims to bridge the gap by leveraging its 30+ years of leadership in optical network connectivity. The company highlighted that its data centre products are designed and manufactured in state-of-the-art facilities, fully compliant with global standards such as ANSI/TIA-942, TIA-568, and ISO 11801. Each solution comes backed by a 25-year performance warranty, ensuring long-term reliability. STLs Data Centre solution includes high-performance fibre and copper cabling systems designed for modern buildings, campuses, and data centres. The copper systems ensure reliable data, security, and AV connectivity, while riser and campus fibre cabling support high-speed, low-latency networking for smart infrastructure. Pre-terminated multi-fibre systems with LC/MPO connectors offer scalable, space-efficient solutions ideal for data centres. STL Celesta, featuring high-density IBR technology, delivers a high-capacity, low-latency solution for scalable, future-ready inter-data centre connectivity. To boost its distribution network and accessibility across India, STL has entered into a strategic partnership with Tech Data India, a subsidiary of TD SYNNEX. Tech Data is a leading global IT distributor and solutions aggregator with a strong presence in over 70 cities across the country. Its extensive edge-to-cloud technology portfolio spans high-growth sectors such as cloud computing, artificial intelligence, cybersecurity, IoT, big data and analytics, mobility, and everything-as-a-service (XaaS). Rahul Puri, CEO, Optical Networking Business, STL, said, The future of data centres lies in architectures that balance scale, speed, and sustainability. In todays AI-driven era, data center solutions arent just about moving datatheyre about enabling intelligence at scale. At STL, we recognise that every data centre has unique requirements. We therefore pair our cutting-edge solutions with bespoke design services, ensuring each deployment meets every unique requirement and is on time. Together, were not just building infrastructure; were architecting the backbone for tomorrows digital economy. Bejoy Thekkekara, Senior Director, Networking, Tech Data India, said, "As the exclusive distributor for STL in India, Tech Data leverages its global presence to enhance market reach and support future expansion into other geographies. Tech Datas capabilities and commitment lies in onboarding new partners, accelerating STL's go-to-market, and bolstering brand positioning through market insights based on our deep expertise in the IT channel and ecosystem. Additionally, Tech Data brings to the table supply chain efficiency, as well as essential financing support through our Tech Data Capital offering, empowering STL to thrive in a competitive landscape." Sterlite Technologies is a leading global optical and digital solutions company providing advanced offerings to build 5G, rural, FTTx, enterprise and data centre networks. On a consolidated basis, Sterlite Technologies reported net loss of Rs 40 crore in Q4 March 2025 as against net loss of Rs 82 crore in Q4 March 2024. Net sales rose 24.79% YoY to Rs 1052 crore in Q4 March 2025.
