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Sterlite Tech Shares Rally 50% After AI-Driven Data Centre Launch

The company has tied up with Tech Data India to roll out the offering across 70 cities despite not having received any orders yet.

Sterlite Technologies Limited share price. | Image: Freepix
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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.