Sterlite Technologies Ltd.STLTECH₹85.59 +11.20%

Shares of Sterlite Technologies Ltd. jumped on Thursday, touching an intraday high of ₹88.74, after the company announced a major order win from Bharat Sanchar Nigam Limited (BSNL) under the government’s BharatNet initiative.

The ₹2,631 crore contract involves the design, construction, and long-term maintenance of a middle-mile broadband network across the Jammu & Kashmir and Ladakh telecom circles. This is one of the largest public sector contracts secured by STL in recent years and marks a significant boost to its rural connectivity portfolio.

The project will be executed over a three-year construction period, followed by a ten-year maintenance phase. 

The stock gained sharply after the announcement, driven by expectations of improved order book visibility and cash flow stability. 

STL has been actively participating in India’s digital infrastructure buildout, especially through projects linked to the government’s BharatNet and 5G rollout ambitions. 

The stock closed at ₹85.59 apiece, up 11.20%.

Note: The stock price mentioned is as of 3:30 PM.

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