Sterlite Technologies moves up on signing $288 million contract with Leading hyperscaler
Sterlite Technologies is currently trading at Rs. 726.70, up by 3.50 points or 0.48% from its previous closing of Rs. 723.20 on the BSE.
The scrip opened at Rs. 749.00 and has touched a high and low of Rs. 759.00 and Rs. 715.00 respectively. So far 62420 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 759.00 on 31-Aug-2026 and a 52 week low of Rs. 84.65 on 27-Jan-2026.
Last one week high and low of the scrip stood at Rs. 759.00 and Rs. 625.85 respectively. The current market cap of the company is Rs. 38384.03 crore.
The promoters holding in the company stood at 42.29%, while Institutions and Non-Institutions held 32.98% and 24.73% respectively.
Sterlite Technologies has signed a long-term contract worth around $288 million with a Leading hyperscaler. The contract includes the allocation of high-density optical fibre cable products to be supplied as per customer specification in each Calendar Year (CY) starting from 2027 to 2029; purchase orders will be released periodically during the contract period; and the agreement establishes a reciprocal risk-sharing framework by defining mutual, capped financial liabilities for both parties in the event of demand shortfalls or supply capacity shortages.
The contract is to be executed over a period of three calendar years (CY27-29), which can be extended by further two years with mutual consent of the parties.
