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Sterlite Technologies bags ₹2,631 crore BSNL maintenance order
short by / on Saturday, 14 June, 2025
Sterlite Technologies surged 16.95% after winning a ₹2,631 crore BharatNet contract with BSNL for Jammu & Kashmir and Ladakh. Despite being down 25.47% YTD, the stock recovered 27.88% in a month. The deal boosts STL’s order book, now ₹4,378 crore, and involves a 3-year build and 10-year maintenance. STL Networks, post-demerger, will execute the project.