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Sterlite Technologies Secures Major Contract with BSNL for Bharatnet Project

Story Highlights
  • Sterlite Technologies received a significant contract from BSNL for Bharatnet in J&K and Ladakh.
  • The project enhances STL’s telecom infrastructure role with a contract worth INR 2631.14 crores.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sterlite Technologies Secures Major Contract with BSNL for Bharatnet Project

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An announcement from Sterlite Technologies Limited ( (IN:STLTECH) ) is now available.

Sterlite Technologies Limited has received an Advance Work Order from Bharat Sanchar Nigam Limited (BSNL) to design, supply, construct, install, upgrade, operate, and maintain the middle mile network of Bharatnet in the Jammu & Kashmir and Ladakh Telecom Circles. This contract, valued at INR 2631.14 crores, is expected to enhance STL’s operational capabilities and strengthen its position in the telecommunications infrastructure sector, with a three-year construction period and ten-year maintenance term.

More about Sterlite Technologies Limited

Sterlite Technologies Limited (STL) operates in the telecommunications industry, focusing on the design, supply, and management of digital networks. The company provides services that include network design, construction, installation, and maintenance, with a market focus on enhancing digital connectivity.

YTD Price Performance: -30.24%

Average Trading Volume: 522,014

Current Market Cap: 39.43B INR

For an in-depth examination of STLTECH stock, go to TipRanks’ Stock Analysis page.

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