Sterlite Technologies rises on inking pact with PGCIL
Sterlite Technologies is currently trading at Rs. 202.55, up by 1.90 points or 0.95% from its previous closing of Rs. 200.65 on the BSE.
The scrip opened at Rs. 199.00 and has touched a high and low of Rs. 206.80 and Rs. 195.90 respectively. So far 212364 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 318.00 on 22-Jul-2021 and a 52 week low of Rs. 171.65 on 27-Jan-2021.
Last one week high and low of the scrip stood at Rs. 273.70 and Rs. 195.90 respectively. The current market cap of the company is Rs. 8125.90 crore.
The promoters holding in the company stood at 54.20%, while Institutions and Non-Institutions held 14.09% and 31.71% respectively.
Sterlite Technologies (STL) has entered into a partnership with India’s largest power distribution company, Power Grid Corporation of India (PGCIL). Through this collaboration, STL will fulfil PGCIL’s requirement for high performance, integrated network management systems across their regional communications networks. With this multi-year deal worth around Rs 170 crore, STL further strengthens its relationship with PGCIL. As a part of its earlier engagements, STL has been supplying optical fibre cables and developed an IP-MPLS network for PGCIL.
Leveraging its software-defined networking solution, STL will deliver a customized Unified Network Management System (UNMS) offering advanced automation, programmable configuration and actionable insights. Through this solution, PGCIL will get a consolidated, centralized view of regional networks and will be able to optimize O&M, reduce system outages at the national level and generate performance analytics for the Central Electricity Authority (CEA).
Sterlite Technologies is an industry-leading integrator of digital networks.
