Sterlite Technologies shares climbed nearly 5% to Rs 463.20 on Monday after the company’s subsidiary secured a multi-year supply agreement valued at $1.11 billion from a global hyperscaler for AI-ready data centre infrastructure projects in the US.
The company said its subsidiary has received a Product Award Letter (PAL) from an international hyperscale partner for the supply of optical connectivity products between FY27 and FY29. Based on prevailing product prices, the total potential value of the agreement is estimated at approximately $1.11 billion.
