Sterlite Technologies shares rise 5% after subsidiary bags $1.1 billion hyperscaler AI contract
- Posted on May 25, 2026
- By Business News Today
- 0 Views
- 1 min read
Sterlite Technologies shares rise 5% after subsidiary bags $1.1 billion hyperscaler AI contract
Sterlite Technologies shares rose nearly 5% after its subsidiary secured a multi-year optical connectivity supply agreement worth an estimated $1.11 billion from a global hyperscaler for AI-ready data centre projects in the US. The deal, spanning FY27–FY29, strengthens STLs position in the growing AI infrastructure space and supports hyperscale data centre deployments with advanced networking solutions.
