STL's subsidiary announces supply agreement valued over $1Bn with a Hyperscaler for AI-Ready Data Center build-outs

Sterlite Technologies Limited ("STL") [NSE: STLTECH], a connectivity solutions provider of optical fibers, optical fiber cables, optical connectivity and data centre networks, today announced the receipt of a multiyear Product Award Letter (PAL) valued at more than $1Bn. Under this agreement, through one of its subsidiaries, STL will supply optical connectivity products to a hyperscaler for AI Data Centre build-outs.

With its in-house R&D expertise, STL has brought novelty to fiber optic designs and built AI-ready networks. STL's innovation is driven by co-creation with customers and next-gen optical solutions.

STL has recently launched STL Neuralis AI Data Center Portfolio:

- AI Whitespace: Utilizing ultra-high-density, pre-terminated fiber cables, Neuralis supports the massive fiber counts required by GPU clusters

- High-Speed Data Center Interconnect (DCI): Celesta IBR cable series are ultra-compact cables featuring up to 6,912 fibers

"Under this agreement, STL, through its optical solutions, will support building AI data center infrastructure in the US for this hyperscaler," said Ankit Agarwal, Managing Director, STL "We are enabling connectivity backbone for the AI data centers."

Shares of Sterlite Technologies Limited was last trading in BSE at Rs. 441.40 as compared to the previous close of Rs. 420.40. The total number of shares traded during the day was 353812 in over 3183 trades.

The stock hit an intraday high of Rs. 441.40 and intraday low of 421.15. The net turnover during the day was Rs. 155808663.00.

Source : Equity Bulls

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