Shares of STL Networks, which lately debuted on the Indian inventory market following its strategic demerger from Sterlite Applied sciences (STL), have emerged among the many high performers this week, with shares rallying 34%, shifting from ₹22 to ₹29.33 apiece.
Investor sentiment was boosted after the corporate secured a serious contract price over ₹360 crore from PowerGrid Teleservices Restricted (PowerTel), a completely owned subsidiary of the Energy Grid Company of India Restricted (PGCIL), the nation’s largest electrical energy transmission utility.
Underneath the settlement, the corporate acknowledged that Invenia, the model of STL Networks, will design, construct, fee, and keep the entire IT and cloud infrastructure for a greenfield Tier III knowledge middle at PowerGrid’s Manesar facility, as per the corporate’s September 15 regulatory submitting.
As well as, the corporate mentioned Invenia will set up a Catastrophe Restoration Information Centre (DRDC) and ship a scalable Infrastructure as a Service (IaaS) resolution complemented by Catastrophe Restoration Providers. This transformative venture encompasses complete Operation & Upkeep (O&M), making certain the long-term efficiency and operational readiness of the info middle.
About STL Networks
The corporate supplies superior digital infrastructure and IT companies, enabling telecom operators, authorities, protection, citizen networks, and huge enterprises throughout India and the UK. Its companies embrace connectivity options, system integration (community, knowledge middle, cloud, and cybersecurity), managed companies, and AI-enabled options.
Over the previous decade, STL Networks has been instrumental in India’s digital infrastructure progress, deploying over 1.35 lakh km of optical fibre networks throughout 23 states.
Following its demerger from Sterlite Applied sciences, the corporate goals to strengthen its digital infrastructure and companies portfolio, catering to enterprises, telecom operators, cloud service suppliers, and authorities initiatives.
Notably, the ₹2,600 crore BharatNet venture in Jammu and Kashmir will now be a part of STL Networks, reinforcing its function in large-scale digital transformation initiatives.
In its monetary outcomes for the 12 months ending March 31, 2025, STL Networks-Invenia reported income of ₹1,180 crore, an EBITDA of ₹81 crore, and a powerful open order e book of over ₹4,249 crore.
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