Synopsis: I
nvenia-STL Networks secured a ₹359 crore contract from PowerGrid Teleservices to build and maintain a Tier III data center with disaster recovery and scalable cloud solutions.
This Small-cap Stock, engaged in delivering digital infrastructure services, specializing in large-scale fiber deployment, system integration, and network modernization for telecom, cloud, government, and enterprise clients, hit a 5 percent upper circuit after receiving a Rs. 359 crore contract from PowerGrid Teleservices for the Data center.
With a market capitalization of Rs. 1,118.32 crores, the shares of STL Networks Limited hit a 5 percent upper circuit of Rs. 22.92 per share on Monday, up from its previous closing price of Rs. 21.83 per share.
What is the news?
Invenia-STL Networks Limited has won a significant Rs. 359 crore contract from PowerGrid Teleservices Limited, a subsidiary of Power Grid Corporation of India. Under this deal, Invenia will design, build, and maintain a Tier III data center at PowerGrid’s Manesar facility. The project also includes setting up a Disaster Recovery Data Centre (DRDC) and delivering scalable cloud-based Infrastructure as a Service (IaaS) with disaster recovery solutions.
This partnership highlights Invenia’s expertise in creating reliable and future-ready digital infrastructure. The new facilities will support PowerGrid’s growing technology needs while ensuring long-term resilience and efficiency.
Company Overview
STL Networks Limited is a digital infrastructure and IT services company based in Pune, India, incorporated in 2021. The company, doing business as Invenia, provides fiber deployment and digital infrastructure services, focusing on building advanced network solutions for telecom operators, cloud companies, citizen networks, and large enterprises. STL is known for its capabilities in optical connectivity, global services, and digital and technology solutions aimed at building future-ready digital networks.
Additionally, STL is also associated with Sterlite Technologies Limited, a leading global optical and digital solutions company specializing in optical fiber, cables, hyper-scale network design, and network software. Sterlite Technologies has a strong global presence with over 636 patents and operates manufacturing facilities across India and abroad.
Recent quarter results
Coming into financial highlights, STL Networks Limited’s revenue has decreased from Rs. 355 crore in Q1 FY25 to Rs. 190 crore in Q1 FY26, which is a drop of 46.48 percent. The net profit of the company has turned into a net loss, going from Rs. 1 crore in Q1 FY25 to Rs. -22 crore in Q1 FY26.
Written By – Nikhil Naik
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