Sterlite Technologies Ltd Share Price – NSE  / BSE

Cables, Small Cap

The total potential value of the contract is estimated at approximately $1.11 billion based on prevailing selling prices. The allocation covers optical connectivity product supply across FY27 to FY29, with purchase orders to be released periodically during the contract period.

The agreement includes a reciprocal risk-sharing framework, defining capped financial liabilities for both parties in case of demand shortfalls or supply constraints. The contract is international in nature and is scheduled to be executed up to March 2029. The company stated that the promoter or promoter group has no interest in the awarding entity and that the contract does not fall under related-party transactions.

Ankit Agarwal, managing director of STL, said, ?Under this agreement, STL, through its optical solutions, will support building AI data center infrastructure in the US for this hyperscaler. We are enabling a connectivity backbone for the AI data centers.?

Sterlite Technologies is a global leader in advanced connectivity solutions, providing end-to-end solutions for building AI-ready infrastructure, FTTx, rural, enterprise, and data center networks. Data center & cloud companies, telecom operators, internet service providers, and large enterprises collaborate with the company to build their future-ready digital infrastructure.

Shares of Sterlite Technologies rose 5% to settle at Rs 441.40 on 22 May 2026.

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Sterlite Technologies announced the receipt of a multi year Product Award Letter (PAL) valued at more than $1Bn. Under this agreement, through one of its subsidiaries, STL will supply optical connectivity products to a hyperscaler for AI Data Centre build-outs.

Sterlite Technologies Ltd rose 5% today to trade at Rs 358.35. The BSE Telecommunication index is up 0.85% to quote at 3201.88. The index is up 14.39 % over last one month. Among the other constituents of the index, Tejas Networks Ltd increased 3.37% and ADC India Communications Ltd added 2.43% on the day. The BSE Telecommunication index went up 12.89 % over last one year compared to the 3.34% fall in benchmark SENSEX.

Sterlite Technologies Ltd has added 89.2% over last one month compared to 14.39% gain in BSE Telecommunication index and 4.6% rise in the SENSEX. On the BSE, 26590 shares were traded in the counter so far compared with average daily volumes of 6.52 lakh shares in the past one month. The stock hit a record high of Rs 358.35 on 07 May 2026. The stock hit a 52-week low of Rs 59.35 on 09 May 2025.

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The board of Sterlite Technologies at its meeting held on 29 April 2026 has approved raising of funds up to Rs 2,000 crore by way of issue of equity shares / equity linked instruments.