Sterlite Technologies Limited has informed the Exchange about signing of agreement with BSNL.
STLTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
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.