Sterlite Technologies Wins INR 960 Crore Domestic Contract

Contract Award Details

Awarding Entity

• Name: Domestic Telecom Operator (unspecified name)
• Entity Type: Domestic entity
• Geographic Scope: Domestic operations

Contract Terms

• Nature: Supply of optical fibre cables as per customer specifications
• Agreement Type: Multi-year Supply Agreement
• Initial Period: 2 years
• Extension Option: Extendable by another 2 years on mutual agreement
• Execution Timeline: FY28 and FY29 (with potential extension for additional 2 years)

Financial Consideration

• Contract Value: Approximately INR 960 crore

Relationship Assessment

• Promoter/Promoter Group Interest: None (NA)
• Related Party Transaction: Not applicable (NA)
• Transaction Nature: Arm's length basis

Financial and Operational Impact

The contract represents a significant revenue opportunity of approximately INR 960 crore over the initial two-year period, with potential for extension and additional value. The company has confirmed this is an arm's length transaction with no related party concerns.