India's Sterlite Tech hits record high on bagging a $1.2 billion contract
01/10/2026 08:26
BUZZ-India's Sterlite Tech hits record high on bagging a $1.2 billion contract ** Telecom products maker Sterlite Tech STTE.NS rise as much as 5% to a record high of 955.35 rupees apiece; shares last up 3.6%
** Rise after STTE's unit secures a long-term contract valued at $1.2 billion
** Contract pertains to the supply of optical connectivity products, starting from 2026 to 2030, from an international hyperscale partner
** STTE shares have seen a nine-fold jump in 2026 so far, according to exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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Brief: Sterlite Technologies Says Unit Gets Contract Worth About $1.2 Billion