Particle.news
Download on the App Store
3 ARTICLES
·
last mo.

Sterlite Tech Expands AI-Focused Data Centre Solutions, Shares Jump to Nine-Month High

Sterlite’s data centre expansion builds on its recent ₹2,631.14-crore BSNL contract win to target India’s AI infrastructure market.

Sterlite Tech shares rise 11% in early deals, here's why
Image
Sterlite Technologies I Share Price | Image: Sterlite Technologies

Overview

  • On June 16, shares of Sterlite Technologies rose over 11% to reach Rs 92.95, marking the highest level since September 2024 after the company unveiled AI-optimized data centre offerings.
  • The new portfolio features high-performance fibre and copper cabling systems designed for hyperscalers, co-location providers, enterprises and telecom operators seeking scalable, low-latency infrastructure.
  • This product launch follows the firm’s ₹2,631.14-crore contract from BSNL for the BharatNet middle-mile network in Jammu & Kashmir and Ladakh secured on June 12.
  • Sterlite has partnered with Tech Data India, a subsidiary of TD SYNNEX, to distribute its data centre connectivity solutions across modern buildings, campuses and colocation facilities.
  • Despite a ₹40-crore net loss in Q4 FY25, Sterlite reported 25% year-on-year revenue growth to ₹1,052 crore, while the global data centre market is projected to reach $517 billion by 2030 at a 10.5% CAGR.