Sterlite Technologies has received revision in credit ratings from ICRA as under:Total bank facilities rates - Rs 4475 croreLong term rating - ICRA AA-; Stable (downgraded from ICRA AA; Outlook revised from Negative) Short term rating - ICRA AA-; Stable (downgraded from ICRA AA; Outlook revised from Negative) 25.15 million euros bank limits - ICRA AA-; Stable (downgraded from ICRA AA; Outlook revised from Negative) Rs.500 Crore Commercial Paper - ICRA A1+ (reaffirmed)Powered by Capital Market - Live News

Sterlite Technologies announced winning the strategically significant Jammu & Kashmir leg of the BharatNet III project in consortium with Dilip Buildcon. This project, valued at Rs 2600 crore (Rs1,625 crore in capex and Rs 975 crore for operations & maintenance), strongly aligns with STL`s fervour for nation-building and its purpose of Transforming Billions of lives by Connecting the World.The company previously executed the Network for Spectrum (NFS) project, building the world`s largest intrusion-proof network spanning over 10,000 kilometers for the Indian Armed Forces. With this new BharatNet project, STL is now focused on expanding broadband connectivity to villages, paving the way for enhanced opportunities in education, healthcare, and economic development for the citizens of the state. STL has also been a strong partner in earlier BharatNet phases, successfully executing projects such as Mahanet in Maharashtra and T-Fibre in Telangana. With over 1,50,000 kilometres of fibre laid across India, STL has established itself as a trusted leader in large-scale network deployments.Powered by Capital Market - Live News

Sterlite Technologies (STL or the Company) announced that it emerged as L1 bidder from Bharat Sanchar Nigam (BSNL) for �Development (Creation, Upgradation and Operation & Maintenance) of Middle mile network of Bharat Net on Design Build Operate and Maintain (DBOM) Model� - Package 13 (Jammu & Kashmir). The value of the contract is Rs 1625.36 crore. Powered by Capital Market - Live News

Sterlite Technologies has allotted 64,485 equity shares under ESOP on 06 November 2024. Post allotment of these shares, the paid up equity shares has increased to 487,813,555 nos. Powered by Capital Market - Live News

Net loss of Sterlite Technologies reported to Rs 14.00 crore in the quarter ended September 2024 as against net profit of Rs 34.00 crore during the previous quarter ended September 2023. Sales declined 5.42% to Rs 1413.00 crore in the quarter ended September 2024 as against Rs 1494.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1413.001494.00 -5 OPM %10.2614.26 - PBDT67.00123.00 -46 PBT-16.0038.00 PL NP-14.0034.00 PL Powered by Capital Market - Live News