Announced Thu, 20 Aug · 19:16 IST
STL Networks gets partial relief in Kakinada Smart City case
STLNETWORK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹25.47
prior close
₹25.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-0.7-0.6+0.1+0.4+0.7+0.1+2.2+7.1+6.5+43.7+77.0——
Up moveDown movePending
AI summary
Andhra Pradesh High Court partly allowed STL Networks' writ petition in the Kakinada Smart City project dispute. Court directed respondents to verify and release Rs 5.25 Crore to the company within 12 weeks. The case, originally filed by Sterlite Technologies, relates to the Global Services Business demerged into STL Networks effective March 31, 2025. Bank guarantee encashment of Rs 3.78 Crore remains a separate pending matter.
Likely market impact
Mildly positive. Rs 5.25 Crore receivable in 12 weeks. Rs 3.78 Crore bank guarantee dispute still open separately.