Sterlite Technologies Limited has informed the Exchange about signing of agreement with BSNL.
STLTECH · price
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Sterlite Technologies, through its Global Services Business (in consortium with Dilip Buildcon), has signed an agreement with BSNL for Package 13 of the BharatNet project covering Jammu & Kashmir and Ladakh telecom circles. The scope includes design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network. The total contract value is INR 2,631.14 crores (inclusive of GST), split into capex of INR 1,620.50 crores and opex of about INR 1,010 crores. The project involves 3 years of construction followed by 10 years of maintenance. Following STL's earlier demerger, this contract will be transferred to STL Networks Limited once formalities are completed. The order follows a prior disclosure dated March 27, 2025, and is a domestic, government-sector contract.
This is a large government-backed order that strengthens the order book for STL Networks (the demerged entity) and provides long-term revenue visibility through a 13-year contract horizon. Positive for the stock, though execution risks in tough geographies like J&K and Ladakh remain a watch point.