The company said in the filing that the contract is for the supply of optical fibre cables as per customer specifications.
The agreement is for an initial period of two years, with an option to extend it by another two years through mutual agreement. STL did not disclose the name of the customer.
The order is scheduled to be executed during FY28 and FY29, and can be extended for another two years by mutual agreement, the company said in the exchange filing.
Also Read: Kia India July sales hit record high at 28,200 units, rise 27% YoY
The order comes days after STL reported its strongest-ever quarterly performance for the first quarter of FY27. The company posted a net profit of ₹197 crore, compared with ₹10 crore a year earlier, while revenue rose 87% year-on-year to a record ₹1,910 crore. EBITDA climbed to an all-time high of ₹397 crore, with the margin expanding to 20.8% from 13.7% a year ago.
At the end of the June quarter, STL’s order book stood at a record ₹18,618 crore. During the quarter, the company also completed a ₹1,500 crore Qualified Institutions Placement (QIP), which it said helped make it net debt-free and strengthened its balance sheet for future growth. Management has also raised its FY27 EBITDA margin guidance to 23%, up from its earlier target of 20%, citing higher capacity utilisation, growth in its data centre business and improved optical connectivity demand.
Shares of Sterlite Technologies ended higher on Friday, July 31, by 5% at ₹557.05 on the NSE.Also Read: Kia India July sales hit record high at 28,200 units, rise 27% YoY
