Sterlite Technologies

Sterlite Technologies gained 9.8 per cent on Friday after the company announced that it had become one of the few companies to develop the world's slimmest optical fiber for data center operators

Digital infrastructure and IT services firm Invenia expects to grow its revenue by around 40 per cent to Rs 2,000 crore over the next three years, driven by rising demand for connectivity from data centres and government projects, a senior company official said. Invenia Vice Chairman and Non-Executive Director Ankit Agarwal told PTI in an interview that the company sees a multi-billion dollar business that will be largely driven by influx of data centres and government projects like BharatNet to boost connectivity. "We are looking to take the business from about Rs 1,300 -1,400 crore of revenue this fiscal year to closer to about Rs 2,000 crore in about three years time," Agarwal said. He said that the equity capital of Invenia was around Rs 907 crore and its asset value was close to Rs 2,800 crore as on March 31. "We have a very healthy order book. The company had an open order book of around Rs 4,250 crore as on March 31," Agarwal said. Hived out from Sterlite Technologies, Inve

At 1:50 PM, shares of Sterlite Technologies was trading 4.55 per cent higher at ₹119.76 per share on the National Stock Exchange.

In the past month, the Smallcap index gained 3 per cent, as against a 1.5 per cent rise in Midcap and a 0.66 up move in Sensex

Sterlite Technologies share price hit a fresh 52-week high of ₹119 per share on the BSE today

Sterlite Technologies announced the launch of a new generation of Data Centre solutions, ranging from cabling to end-to-end connectivity offerings designed to power demands of AI-driven data centres.

Sterlite Technologies shares rallied over 15 per cent today after it agreed with BSNL for a ₹2,631.14 crore contract

Sterlite Electric on Wednesday said it secured orders worth Rs 7,500 crore in FY25, driven by robust Rs 2,400 crore contracts in March quarter. The order book spans high-performance conductors, power cables, Optical Ground Wire (OPGW), and specialized EPC services, with a particular focus on advancing India's green energy transmission infrastructure, a company statement said. The company also continues to expand its footprint, particularly in the Americas, European Union, Africa, and the Middle East, with high-performance conductors and OPGW solutions. "Our strong Q4 performance, with record order wins, reflects the growing demand for our innovative and sustainable transmission solutions. The significant traction from both domestic and international markets, along with our growing export presence, reinforces our position as a trusted partner for utilities and industries worldwide," CEO Reshu Madan said. In Q4, the company received several prestigious orders. Major wins include orde

According to the filing, post the demerger, the services business will transition from Sterlite Technologies (STL) to STL Networks under the brand name "Invenia"

Stock market today: Pan-Indian average cement prices have risen for three consecutive months. In February, prices increased by ₹3 per 50 kg bag (up 1% M-o-M and 2% Y-o-Y) to ₹374 per bag

Goldman Sachs Asset Management on Wednesday divested a little over 2 per cent stake in Anil Agarwal promoted-Sterlite Technologies for Rs 84 crore through an open market transaction. Goldman Sachs Asset Management through its affiliate Goldman Sachs Funds - Goldman Sachs India Equity Portfolio sold 1.03 crore shares, amounting to a 2.13 per cent stake in Sterlite Technologies, according to BSE data. The shares were offloaded at an average price of Rs 81.04 apiece, taking the deal value to Rs 84.10 crore. Meanwhile, Bandhan Mutual Fund bought 60.11 lakh shares or 1.23 per cent stake in Sterlite Technologies for Rs 48.69 crore. The shares were acquired at an average price of Rs 81 apiece. Details of the other buyers of Sterlite Technologies' shares could not be ascertained on the BSE. The stock of Sterlite Technologies fall 4.02 per cent to close at Rs 80.29 apiece on the BSE.

Stocks to Watch, Feb 20, 2025: From Religare to Waaree Energies, here are few stocks that will remain on investors' radar today

The contract is for 3 years of construction and 10 years of maintenance contract at 5.5 per cent per annum of capex for the first 5 years and 6.5 per cent per annum of capex for the next 5 years

Shares of Sterlite Technologies gained as much as 6 per cent at Rs 128.45 per share on the BSE

Broadband technology firm Sterlite Technologies has agreed to pay USD 4,67,400 (about Rs 4 crore) to the Data Management Centre for dispute settlement, a regulatory filing said on Monday. Data Management Centre had claimed damages worth USD 2.7 million (about Rs 23 crore) before Singapore International Arbitration Centre against Sterlite Technologies (STL) for delay and failure by the broadband technology to meet obligations under their agreement. "Without admission of liability, a Settlement Agreement was executed between the Parties wherein Sterlite agrees to pay DMC a net sum of USD 4,67,400 towards full and final settlement of all claims between the parties," the filing said. STL is engaged in the business of manufacturing and selling optical fibre cables. Shares of the company closed at 131.15 apiece, down by 0.3 per cent at BSE on Monday.

An American court has ordered Vedanta Group-backed Sterlite Technologies' overseas arm to pay USD 96.5 million, about Rs 810 crore, in damages to US-based Prysmian for violating trade secrets norms, according to a regulatory filing and plaintiff's statement. Additionally, the court has awarded USD 200,000 penalty on Stephen Szymanski, Sterlite Technologies Inc (STI) Executive Vice President for Americas Region, for misappropriation of trade secrets of Prysmian. STI is the US subsidiary of Sterlite Technologies (STL) which has contested the judgement and may file an appeal against it. Prysmian in a statement said a South Carolina jury on August 9 ordered in favour of Prysmian following a three-week trial in the district court of Columbia, South Carolina. "The jury found that Sterlite was unjustly enriched by taking Prysmian's trade secrets and awarded USD 96.5 million in damages against Sterlite Technologies, Inc. In addition, the jury found that Stephen Szymanski had been unjustly

An arbitrator has rejected broadband technology company Sterlite Technologies' claims worth Rs 145 crore against BSNL in an optical fibre cable laying project, a regulatory filing said on Friday. Sterlite Technologies (STL) said that it is evaluating options to challenge the award of the arbitrator. "BSNL had deducted payments to the tune of Rs 145.02 crore for trenching done at a depth lesser than 165 cms duly approved by BSNL, due to legitimate site constraints. STL filed its claims towards wrongful imposition of depth penalty by BSNL. The arbitrator has rejected STL's claims vide award dated April 18, 2024," STL said in the filing. The Arbitration was before Justice Badar Durrez Ahmed , former Chief Justice Jammu and Kashmir High Court.

On Tuesday, April 16, the stock price of Sterlite Technologies had jumped 9 per cent intraday trade

Broadband technology company Sterlite Technologies has raised Rs 1,000 crore by issuing equity to Qualified Institutional Investors (QIP) including HDFC Mutual Fund, Nippon Life India, Goldman Sachs, and Bandhan Mutual Fund, the company said on Tuesday. Post the allotment, the paid-up equity share capital of Sterlite Technologies (STL) has increased to Rs 97.5 crore comprising 48.5 crore equity shares. "STL has raised INR 1,000 crore through a Qualified Institutional Placement (QIP) route," the company said in a regulatory filing. The company approved the issue and allotment of 8.84 crore equity shares to qualified institutional investors, including HDFC Mutual Fund, Nippon Life India, Goldman Sachs, and Bandhan Mutual Fund, aggregating to Rs 1,000 crore. "We are thankful to our investors for their continued support and for believing in the growth potential of STL. The money raised through QIP will be utilised towards strengthening our balance sheet so that we double down on our ..

Finnish telecom and IT company Nokia on Monday said it has partnered with Sterlite Technologies (STL), an optical and digital solutions company, to enhance networking and digital solutions for government institutions and enterprises. The partnership will also focus on government-driven connectivity projects to offer connectivity and networking solutions, Noika said in a statement. "The collaboration will accelerate the Industry 4.0 revolution. By leveraging these solutions, businesses can gain a competitive edge and drive transformation with disruptive technologies," the statement said. Both companies will strengthen enterprise networks, providing high-speed, high availability, low-latency connections for applications such as 5G, IoT ( Internet of Things), data centre interconnect, supply chain efficiency, real-time data analytics, and generative AI use cases, according to the statement. "STL's extensive experience in connectivity solutions, coupled with Nokia's technological stren