Rs 4,378 Crore Order Book: Penny Stock Under Rs 100 Jumps 11.5 Per Cent As Company Expands Data Centre Portfolio to Meet Emerging Requirements for AI Data Centres
The stock is up by 72.25 per cent from its 52-week low of Rs 53.90 per share.
On Monday, shares of Sterlite Technologies Ltd gained 11.50 per cent to Rs 92.95 per share from its previous closing of Rs 83.35 per share. The stock’s 52-week high is Rs 115.97 while its 52-week low is Rs 53.90. The shares of the company saw a spurt in volume by more than 4 times on the BSE.
Sterlite Technologies Ltd, a leading optical and digital solutions company, has introduced a new generation of Data Centre solutions aimed at meeting the increasing demands of artificial intelligence (AI) powered data centres. With the global data centre market rapidly expanding, traditional cabling systems are struggling to keep up with the need for faster network speeds, lower latency, higher data density, and sustainable operations. STL's new offerings are designed to bridge this gap, providing high-performance, comprehensive cabling and connectivity solutions for major players like hyperscalers, colocation providers, enterprises, and telecom service providers, helping them build agile, scalable, and environmentally friendly data centre infrastructure.
These new solutions leverage STL's extensive experience in optical network connectivity. The portfolio includes advanced fiber and copper cabling systems, meticulously designed and tested to international standards for modern buildings, campuses, and data centres. Features like pre-terminated multi-fiber systems with LC/MPO connectors offer scalable and space-efficient solutions, while "STL Celesta" provides high-density, low-latency options for connectivity between different data centres. All solutions are fully compliant with key industry standards and come with a 25-year performance warranty, ensuring reliability and future-readiness for the evolving demands of AI.
Additionally, Sterlite Technologies Limited (STL), in a consortium with Dilip Buildcon Limited, has secured a significant domestic contract worth Rs 2631.14 crores (inclusive of GST) from Bharat Sanchar Nigam Limited (BSNL). Signed on June 11, 2025, this agreement involves the comprehensive design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network for the Jammu & Kashmir and Ladakh Telecom Circles under the BharatNet initiative. The project has a three-year construction period followed by a ten-year maintenance contract, and due to a recent demerger, the agreement will be novated to STL Networks Limited.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
About the Company
Sterlite Technologies Limited was established in July 2001 after the demerger of the telecom division of Sterlite Industries Ltd (SIL). In July 2006, STL acquired the transmission line business of SIL to foray into the power transmission cables business. STL has grown over the years to become the largest optical fibre and optical fibre cable manufacturer in the country. The company also has a sizeable presence in overseas markets with an established presence in the global optical fibre market.
As of March 31, 2025, the company’s order book stood at Rs 4,378 crore, which is spread across its three business units- Optical Networking, Global Services and Digital. The stock is up by 72.25 per cent from its 52-week low of Rs 53.90 per share.
Disclaimer: The article is for informational purposes only and not investment advice.