Sterlite Technologies Ltd. (STL), a major Indian optical fiber manufacturer headquartered in Pune, Maharashtra, witnessed a 15.2% surge in share price on June 12, 2025, after announcing a ₹2,631.14 crore contract win from Bharat Sanchar Nigam Limited (BSNL) for BharatNet’s middle-mile network in Jammu & Kashmir and Ladakh. The contract was secured through STL’s demerged Global Services business, STL Networks.
Sterlite Technologies Ltd. (STL), a Pune-based manufacturer and integrator of optical fiber solutions, saw its shares rise sharply by 15.2% to ₹88.7 on the Bombay Stock Exchange after securing a ₹2,631.14 crore telecom project from Bharat Sanchar Nigam Limited (BSNL).
In a regulatory filing made on June 11, STL announced that the contract was awarded through its demerged Global Services unit, STL Networks, in consortium with infrastructure major Dilip Buildcon. The project falls under the BharatNet initiative and will cover the design, supply, installation, upgradation, and maintenance of the middle-mile telecom network across Jammu & Kashmir and Ladakh telecom circles.
BharatNet is the Government of India’s flagship rural broadband connectivity project aimed at bridging the digital divide. This new contract aligns with STL’s broader strategy of enabling digital infrastructure across underserved regions.
The announcement marked a significant moment for Sterlite Technologies on the stock market, pushing the share price to its highest level in the last four weeks. The company stated that the project reinforces its deep capabilities in executing complex, large-scale digital infrastructure projects in challenging terrains.
While Dilip Buildcon’s role in the consortium was not detailed in the exchange filing, STL emphasized that the middle-mile network will be vital in enabling high-speed broadband services to rural and remote areas of Jammu & Kashmir and Ladakh.
