Sterlite Technologies Secures $1.2 Billion Long-Term Supply Deal
Sterlite Technologies Ltd. announced that its subsidiary has entered a long-term supply agreement for optical connectivity products. The agreement has a potential value of $1.2 billion over its term.
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06:48:18 AM UTC
SquawkNews
Sterlite Technologies (STL) shares were trading higher on Thursday after the company announced an order worth $1.2 billion from a hyperscale partner.The stock was up 4.80% at Rs 953.55 on the NSE at 11:32 am on October 1.Under the order, STL will supply optical connectivity products as per the cust…
Shares of Sterlite Technologies Ltd. rose about 5% on Thursday, October 1, after the company said its wholly owned subsidiary had signed a long-term supply agreement (LTSA) with a customer for optical connectivity products. 2 billion over its…