Sterlite Technologies Ltd. (STL) has gained momentum in the market following its Rs 2600 crore win for the BharatNet project in Jammu and Kashmir. Currently trading at Rs 120.80 on the BSE, the stock saw an increase of 1.85 points or 1.56% from its previous close of Rs 118.95. The share opened at Rs 118.35, reaching a peak of Rs 122.00 and a low of Rs 116.35, with 311,475 shares changing hands.

A Group 'A' stock on the BSE, Sterlite's 52-week high stands at Rs 162.95 (November 2023), while its low was recorded at Rs 109.80 (June 2024). Over the past week, it reached a high of Rs 130.75 and a low of Rs 116.35. The company's current market cap is valued at Rs 5,895.23 crore, with promoters holding 44.17%, and institutional and non-institutional investors holding 19.04% and 36.78%, respectively.

STL, in collaboration with Dilip Buildcon, will manage the crucial Jammu & Kashmir segment of BharatNet Phase III, which includes Rs 1,625 crore for capital expenditure and Rs 975 crore for operations and maintenance. This project aligns with STL's mission of "Transforming Billions of Lives by Connecting the World." Utilizing advanced tech such as drone surveys, GIS mapping, and AI-led design, STL aims to accelerate fiber rollout by approximately 26% and reduce fiber cuts by four times.

STL has a successful track record in J&K, previously deploying the Network for Spectrum (NFS) project—a 10,000-km intrusion-proof network for the Indian Armed Forces. This BharatNet win will expand broadband to remote villages, enhancing access to education, healthcare, and economic opportunities. STL has also led other BharatNet initiatives, including Mahanet in Maharashtra and T-Fibre in Telangana, and has installed over 1,50,000 km of fiber across India. As a key player in digital networks, STL continues to set standards in the 5G solutions industry.