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Sterlite Technologies hits the roof on securing advance purchase order from BSNL

01 Jul 2014 Evaluate

Sterlite Technologies is currently trading at Rs. 68.60, up by 3.25 points or 4.97 % from its previous closing of Rs. 65.35 on the BSE.

The scrip opened at Rs. 67.50 and has touched a high and low of Rs. 68.60 and Rs. 66.10 respectively. So far 247685 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 73.50 on 24-Jun-2014 and a 52 week low of Rs. 15.75 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 73.50 and Rs. 59.25 respectively. The current market cap of the company is Rs. 2701.63 crore.

The promoters holding in the company stood at 54.67 % while Institutions and Non-Institutions held 9.75 % and 35.58 % respectively.

Sterlite Technologies has secured an advance purchase order from Bharat Sanchar Nigam (BSNL) for end-to-end deployment including design, engineering, implementation and maintenance of a part of Network for Spectrum (NFS) project - Optical Fiber Cable (OFC) Network in the state of Jammu & Kashmir of the NTP region.

The company is also a key partner in creating OFC networks in other regions in the country as a part of NFS rollout, countrywide. This project in Jammu & Kashmir region including Optical Fibre Cable supplies to other parts of the country is expected to add around Rs 1,950 crore to the company’s order book. This order needs to be executed by 2016.

Additionally, the company has also been contracted to maintain the Jammu & Kashmir network for an additional period of 7 years at a value of about Rs 500 crore.

Sterlite Technologie Share Price

276.55 -14.55 (-5.00%)
23-Apr-2026 16:59 View Price Chart
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