{"id":106308,"date":"2023-08-07T14:31:14","date_gmt":"2023-08-07T09:01:14","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106308"},"modified":"2023-08-07T14:31:16","modified_gmt":"2023-08-07T09:01:16","slug":"cable-stock-jumps-up-to-6-5-after-it-secures-order-worth-250-cr-from-indian-government","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cable-stock-jumps-up-to-6-5-after-it-secures-order-worth-250-cr-from-indian-government\/","title":{"rendered":"Cable stock jumps up to 6.5% after it secures order worth \u20b9 250 Cr from Indian Government"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3337210762\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The company&#8217;s shares rose 5% on Monday, and had announced shortly prior to the weekend a Rs. 250 crore deal signed with a Public Sector Undertaking (\u201cPSU\u201d) entity. The deal duration is 3 years in which <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/STLTECH\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Sterlite Technologies Ltd<\/a><\/strong> (\u201cSTL\u201d) is to design, build, commission and maintain 2 data centers which are set to service in multiple cities in India. The service includes 24&#215;7 operations to maintain critical enterprise operations along with its cybersecurity solutions.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2576761612\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>\u201cSTL has over a decade of experience in building and managing data centers. Our solutions are focused on getting automation and intelligence in the network and IT infrastructure. I am confident that our data center connectivity and maintenance solution will integrate intelligent infrastructure, real-time monitoring, disaster management and troubleshooting. It will provide a secure, reliable, seamless digital infrastructure for the customer\u2019s operations.\u201d said STL\u2019s Global Services\u2019 division CEO.&nbsp;<\/p><h4 class=\"wp-block-heading\">Recent Developments at STL:&nbsp;<\/h4><p>STL results for Q1 FY24 &#8211; Top-line de-grew 0.44% YoY to Rs. 1,522 crore from Rs. 1,575 crore, EBITDA grew 97.5% YoY to Rs. 235 crore from Rs. 119 crore, Net Income grew 230% YoY to Rs. 46 crore from a Net Operating Loss of Rs. 20 crore. EBITDA margins were within guided range at 15.4%.&nbsp;<\/p><p>The company also reported 82% QoQ growth in orders and recently announced its entry into the IT services industry through subsidiary &#8211; STL Digital.. STL Digital picked up close to 2 dozen high value customers, and an order book of Rs. ~900 crore with 950+ consultants working for it.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-867587246\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>STL also stated its focus on futuristic technologies like 6G and DoT test bed. The company indicated its strong interest in scaling up in India for upcoming 5G &amp; digital connectivity infra spending.<\/p><p>STL is a leading optical and digital solutions provider and its offerings include designing, building and maintaining systems involved in 5G, FTTx, Data Centers for PSUs and Private Enterprises, etc. to domestic and international clients, STL was among the first to develop the 180 micron optical fiber; it was founded in 1988, based in Pune, India.&nbsp;&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep R<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3499322869\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The company&#8217;s shares rose 5% on Monday, and had announced shortly prior to the weekend a Rs. 250 crore deal signed with a Public Sector Undertaking (\u201cPSU\u201d) entity. The deal duration is 3 years in which Sterlite Technologies Ltd (\u201cSTL\u201d) is to design, build, commission and maintain 2 data centers which are set to service [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":41029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10622,10620,10623,10619,948,936,10621],"class_list":["post-106308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-sterlite-technologies-latest-deals","tag-sterlite-technologies-latest-news","tag-sterlite-technologies-latest-orders","tag-sterlite-technologies-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-sterlite-technologies-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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