Sterlite Technologies climbs 6% on bagging Navy order

Sterlite Technologies advanced nearly 6 per cent on Monday after the company said it has been awarded a Rs 3,500-crore job order to design, build and manage the Indian Navy’s communications network.

This will give the Indian Navy digital defence supremacy on par with the best naval forces globally, it informed bourses.

The scrip ended 5.86 per cent up at Rs 363.60 on BSE. It opened at Rs 354.90 and went on to hit high and low of Rs 378.75 and Rs 352, respectively.


This is the first time that an integrated naval communications network at such a scale is being built in India. The Navy’s communications network has been envisioned as a smarter network infrastructure with enhanced throughput, high-quality secure services and ease of network management.

The scope requires Sterlite Tech to design, build and manage the communications network for over a decade through its system integration capabilities.

“We are delighted to get an opportunity to play our role in strengthening India’s defence through highly scalable, future-ready networks,” said Anand Agarwal, CEO, Sterlite Tech, in a BSE filing.