Overview
- Sterlite’s new AI-driven data centre suite includes high-performance fibre and copper cabling designed for hyperscalers, colocation players and enterprises.
- Shares jumped nearly 50% over five sessions, reaching a 19-month high around ₹119 per share on strong investor response to its AI infrastructure push.
- Tech Data India, a TD SYNNEX subsidiary, will serve as the exclusive distributor for the solution across more than 70 Indian cities.
- In early June Sterlite secured a ₹2,631.14 crore BSNL contract, with cable supplies routed through its demerged entity.
- Sterlite’s operating performance has improved after inventory de-stocking and its net debt-to-equity ratio fell to 0.7 times following a demerger and a ₹1,000 crore fund raise.