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Sterlite Technologies Secures $1.2 Billion Order, Stock Hits Record High.
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CNBC Awaaz•01-10-2026, 12:00
Sterlite Technologies Secures $1.2 Billion Order, Stock Hits Record High.
- •Sterlite Technologies, part of Nifty Smallcap 100, saw a sharp jump in its stock.
- •The company received a Long-Term Supply Agreement (LTSA) worth approximately $1.2 billion.
- •The agreement is for supplying optical connectivity products from 2026 to 2030.
- •The stock hit a 5% upper circuit on Thursday and reached a new high for the year.
- •The stock has gained 35% in one month and 832% so far in 2026.
Key Questions Answered
Sterlite Technologies announced that its wholly-owned subsidiary received a Long-Term Supply Agreement (LTSA) with a hyperscale partner, carrying an estimated total potential business value of approximately $1.2 billion.
Under the agreement with the international customer, STL's subsidiary will supply optical connectivity products according to the customer's specific requirements.
The agreement is scheduled to run until December 2030, with optical connectivity products being supplied across calendar years from 2026 to 2030 through periodically released purchase orders.
