India’s cable and wire industry is valued at Rs 1,00,000 crore ($12 billion) in 2025 and is projected to reach Rs 1,22,000 crore by 2027, growing at a CAGR of over 9%. The sector, driven by rapid urbanization, infrastructure expansion, and renewable energy, accounts for nearly 40% of the nation’s electrical industry.
With a market capitalisation of Rs 5,486.83 crore, the shares of Sterlite Technologies Ltd were trading at Rs 112.45 per share, increasing around 13.12 percent as compared to the previous closing price of Rs 99.41 apiece.
The shares of Sterlite Technologies Ltd have surged significantly by 51.51 percent in the last 5 trading sessions. Firstly, Sterlite Technologies’ Rs 2,631 crore consortium contract win from BSNL for the BharatNet project in Jammu & Kashmir and Ladakh has further boosted investor sentiment. The project’s three-year construction and ten-year maintenance plan reinforces STL’s leadership in digital connectivity, complementing its data centre push and supporting the recent stock rally.
Secondly, the company’s intensified focus on the AI-driven data centre market, with its launch of end-to-end solutions from advanced cabling to full-stack connectivity, caters to hyperscalers and telecom players, enabling scalable, sustainable infrastructure and driving digital transformation in global markets.
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Furthermore, Sterlite Technologies is targeting the $1 billion global data centre opportunity, aiming for 25% of FY revenue from the enterprise and data centre segments. With the market expected to hit $517 billion by 2030, STL leverages its 30+ years of optical connectivity leadership to address rising speed, latency, and sustainability demands.
Looking forward to the company’s financial performance, revenue increased by 25 percent from Rs 843 crore in Q4FY24 to Rs 1,052 crore in Q4FY25. Further, during the same time frame, net loss improved from Rs 82 crore to Rs 40 crore.
Sterlite Technologies’ FY26 strategy centers on expanding its optical networking footprint by growing OFC market share and launching data centre solutions. Simultaneously, STL Digital aims to build technological and domain expertise with a sharp focus on profitable growth, strengthening the company’s leadership across both connectivity infrastructure and digital transformation solutions.
Sterlite Technologies reported an open order book of Rs 4,378 crore in Q4 FY25, slightly lower than Rs 4,806 crore in Q3. The order book spread shows Rs 667 crore for Q1 FY26 and a robust Rs 3,710 crore allocated for FY26 and beyond, indicating healthy long-term demand and sustained business visibility.
Sterlite Technologies Limited is an India-based company that provides end-to-end data network solutions. The Company is engaged in providing advanced offerings to build a fifth-generation mobile network (5G), rural, fiber to the X (FTTx), enterprise, and data center networks.
Written by Abhishek Singh
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