Stock Exchange intimation for receipt of contract and press release in this regard
STLTECH · price
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STL announced that one of its subsidiaries has received a Product Award Letter (PAL) from a hyperscaler for multi-year supply of optical connectivity products. The contract is valued at approximately USD 1.11 billion (~Rs 9,200+ crore) and spans from FY27 to FY29 (up to March 2029). The products will support AI Data Center build-outs in the US, specifically for GPU clusters and high-speed data centre interconnect. The agreement includes a reciprocal risk-sharing framework with capped financial liabilities for both parties. This is a major international export contract for the company.
This is a transformative order, potentially representing multiple years of revenue given its ~USD 1.11 billion size. It positions STL as a key supplier for AI infrastructure buildouts in the US and should significantly boost investor confidence in the company's growth trajectory.