Sterlite Technologies Limited (STL) has announced the receipt of a substantial order from a Domestic Telecom Operator. The multi-year supply agreement is valued at approximately INR 960 crore and covers the supply of optical fibre cables. This significant order, with an execution timeline spanning FY28 and FY29, reinforces STL’s position in the domestic market and contributes to its future revenue streams.
Major Order Secured
Sterlite Technologies Limited (STL) has received a significant new order from a Domestic Telecom Operator, as detailed in their latest disclosure. This announcement highlights the company’s continued success in securing key contracts within the Indian telecommunications sector.
Contract Details
The newly awarded contract is a Multi-year Supply Agreement. The agreement is initially for a period of 2 years and includes an option for extension by another 2 years, subject to mutual agreement between the parties. The order specifically pertains to the Supply of optical fibre cables, which are to be manufactured according to customer specifications.
Financial and Execution Timeline
The estimated value of this order is approximately INR 960 crore. The execution of this contract is expected to take place over the financial years FY28 and FY29, with a potential further extension. This substantial order underscores the robust demand for STL’s high-quality optical fibre products and enhances the company’s revenue visibility for the coming years.
Confirmatory Information
The company has confirmed that the entity awarding the order is a Domestic entity. Furthermore, STL has stated that there is no interest from the promoter, promoter group, or group companies in the entity that awarded this contract. The transaction is also confirmed to be at an ‘arm’s length’ basis and does not fall within the definition of related party transactions.
Source: BSE
