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Sterlite Technologies Ltd gained 13.42% today to trade at Rs 87.4. The BSE Telecommunication index is up 0.81% to quote at 3041.73. The index is up 6.6 % over last one month. Among the other constituents of the index, Bharti Hexacom Ltd increased 1.45% and Tata Teleservices (Maharashtra) Ltd added 1.08% on the day. The BSE Telecommunication index went up 2.65 % over last one year compared to the 7.79% surge in benchmark SENSEX.
Sterlite Technologies Ltd has added 24.95% over last one month compared to 6.6% gain in BSE Telecommunication index and 1.75% rise in the SENSEX. On the BSE, 2.33 lakh shares were traded in the counter so far compared with average daily volumes of 1.61 lakh shares in the past one month. The stock hit a record high of Rs 109.09 on 30 Jul 2024. The stock hit a 52-week low of Rs 50.7 on 07 Apr 2025.
Route Mobile Ltd, Sterlite Technologies Ltd, Tanla Platforms Ltd and Nava Ltd are among the other gainers in the BSE's 'A' group today, 12 June 2025.
GTL Infrastructure Ltd surged 15.93% to Rs 2.11 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1171.07 lakh shares were traded on the counter so far as against the average daily volumes of 157.12 lakh shares in the past one month.
Route Mobile Ltd soared 11.30% to Rs 1142.9. The stock was the second biggest gainer in 'A' group. On the BSE, 1.68 lakh shares were traded on the counter so far as against the average daily volumes of 11895 shares in the past one month.
Sterlite Technologies Ltd spiked 11.07% to Rs 85.59. The stock was the third biggest gainer in 'A' group. On the BSE, 24.86 lakh shares were traded on the counter so far as against the average daily volumes of 1.5 lakh shares in the past one month.
Tanla Platforms Ltd spurt 8.72% to Rs 676.5. The stock was the fourth biggest gainer in 'A' group. On the BSE, 6.48 lakh shares were traded on the counter so far as against the average daily volumes of 1.21 lakh shares in the past one month.
Nava Ltd jumped 7.94% to Rs 569.15. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3.19 lakh shares were traded on the counter so far as against the average daily volumes of 54138 shares in the past one month.
The project entails a three-year construction timeline followed by a ten-year maintenance period, with annual fees set at 5.5% of capex for the first five years and 6.5% for the next five.
Following the demerger of STL's Global Services Business, effective 31 March 2025, the contract will be transferred to STL Networks, as per a scheme approved by the NCLT, Mumbai.
Sterlite Technologies is a leading global optical and digital solutions company providing advanced offerings to build 5G, rural, FTTx, enterprise and data centre networks.
On a consolidated basis, Sterlite Technologies reported net loss of Rs 40 crore in Q4 March 2025 as against net loss of Rs 82 crore in Q4 March 2024. Net sales rose 24.79% YoY to Rs 1052 crore in Q4 March 2025.
Sterlite Technologies, through its Global Services Business (the demerged business vertical), in consortium with Dilip Buildcon , has entered into an Agreement with Bharat Sanchar Nigam (BSNL) on 11 June 2025. The agreement pertains to the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network under BharatNet for the Jammu & Kashmir and Ladakh Telecom Circles – Package 13 (Agreement). The value of the project is Rs 2631.14 crore (inclusive of GST) (Capex – Rs 1620.50 crore, Opex for newly constructed network Rs 972.30 crore and Opex for existing network Rs 38.33 crore).
It is to be noted that pursuant to the Scheme of Arrangement approved by the Hon'ble National Company Law Tribunal, Mumbai, vide order dated 14 February 2025, STL's Global Services Business has been demerged into STL Networks, effective from the close of business hours on March 31, 2025. Accordingly, the Agreement will be novated in favour of STL Networks upon completion of the necessary formalities.
For the full year,net loss reported to Rs 123.00 crore in the year ended March 2025 as against net loss of Rs 51.00 crore during the previous year ended March 2024. Sales declined 2.13% to Rs 3996.00 crore in the year ended March 2025 as against Rs 4083.00 crore during the previous year ended March 2024.