Sterlite Tech share price: Sterlite Technologies’ shares are set to be in focus of the stock market investors on Monday, May 22, after the telecom equipment maker’s subsidiary secured a more than ₹10,000 crore supply order from an unnamed ‘hyperscale’ partner, as per an exchange filing.
“We hereby wish to inform you that a subsidiary of Sterlite Technologies Limited has received a Product Award Letter (PAL) from a hyperscale partner for multi-year supply of optical connectivity products,” the company informed the stock exchanges.
In the NSE filing, the company disclosed that the international order will be for an unnamed United States-based ‘hyperscale’ client, where Sterlite Tech will supply optical connectivity products as per the customer’s needs.
The deal details further showed that the contract, which is valued at around $1.1 billion or ₹10,622 crore (at an Indian rupee exchange rate of 95.7), will be executed over a multi-year period by the year ended March 2029.
What’s behind this mega contract?
Although Sterlite has not disclosed the name of its client, the company will use the optical connectivity products in the expansion of its artificial intelligence (AI) data centre buildouts.
“Under this agreement, STL, through its optical solutions, will support building AI data centre infrastructure in the US for this hyperscaler,” said Ankit Agarwal, MD of Sterlite Tech, in the official statement. “We are enabling connectivity backbone for the AI data centres.”
The company also recently launched its Celesta IBR cable series, which features up to 6,912 fibres.
Sterlite shares closed 5% higher at ₹441.15 at the upper price band after the trading session on Friday last week, compared to ₹420.15 at the previous market close, according to the data collected from the NSE data.
Sterlite Technologies share price trend
Shares of Sterlite Technologies have delivered more than 83% returns on their investment in the last five years, more than 189% gains in the last three years, and over 544% returns in the past one-year period, according to the exchange data.
NSE data also showed that so far in 2026, Sterlite Tech shares have gained 330% year-to-date (YTD), and have risen 51% in the past one month. The telecom equipment maker’s stock was trading 5% higher over the last five market sessions on the Indian stock market.
Sterlite shares hit their 52-week high of ₹441.15 on Friday, May 22, ahead of the company’s order update, while the 52-week low was at ₹67.55 on May 21, 2025, as per the exchange data.
The company’s market capitalisation (m-cap) was at ₹21,533 crore as of Friday’s stock market close.