The company noted in the filing that this contract involves supplying optical fibre cables tailored to customer specifications.
This agreement will last for an initial period of two years, with the possibility of a two-year extension through mutual consent. STL has not revealed the name of the customer.
The execution of the order is planned for FY28 and FY29, with the option to extend for an additional two years by mutual agreement, according to the exchange filing.
Also Read: Kia India July sales hit record high at 28,200 units, rise 27% YoY
This order follows STL’s announcement of its best-ever quarterly performance for Q1 FY27, reporting a net profit of ₹197 crore, a sharp increase from ₹10 crore year-on-year, while revenue surged 87% year-on-year to an unprecedented ₹1,910 crore. EBITDA reached a peak of ₹397 crore, with margins growing to 20.8% from 13.7% in the previous year.
As of the end of June, STL’s order book reached a record ₹18,618 crore. During this quarter, the company also completed a ₹1,500 crore Qualified Institutions Placement (QIP), which it credited with making it net debt-free and fortifying its balance sheet for future expansion. Management has increased its FY27 EBITDA margin guidance to 23%, up from the prior target of 20%, mentioning higher capacity utilisation, growth in the data centre sector, and increased demand for optical connectivity.
Shares of Sterlite Technologies rose by 5% to ₹557.05 on the NSE on Friday, July 31.Also Read: Kia India July sales hit record high at 28,200 units, rise 27% YoY
