
Sterlite Technologies gains 10% on order win worth Rs 3500 crore
Share price of Sterlite Technologies added more than 10 percent in the early trade on Monday on the back of order win worth Rs 3500 crore.
The company has been awarded Rs 3500 crore advance purchase order to design, build and manage the Indian Navy’s communications network.
This will give the Indian Navy digital defence supremacy at par with the best naval forces globally.
Anand Agarwal, CEO of Sterlite Technologies said, "We are delighted to get an opportunity to play our role in strengthening India’s defence through highly scalable, future-ready networks."
"We look forward to delivering this end-to-end strategic network for the Indian Navy with our unique software-to-silicon capabilities," he added.
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