Sterlite Technologies Shares Rise 4% Following Rs 1,760 Crore International Order

Sterlite Technologies saw its share price increase by approximately 4% on Thursday following the announcement of a major international order. The company secured a contract valued at Rs 1,760 crore for the supply of high-density optical fibre cables.

The newly secured international contract spans a three-year period. This agreement is expected to strengthen the company's global order book and enhance its revenue visibility over the medium term.

Global Infrastructure Demand

The order comes amid a broader trend of rising worldwide investments in telecommunications and digital networks. Demand in the sector is currently being driven by global expansions in telecom networks, fibre connectivity, artificial intelligence (AI) infrastructure, and digital infrastructure development.