This Vedanta group stock is in focus after it jumped 11.51 percent following its reporting launch of its new generation data centre, which will meet the growing demand for AI data centres.
With a market capitalisation of Rs. 4,514 Crore, the stock of Sterlite Technologies opened at Rs. 83.99, up 0.76 percent from yesterday’s close, and after opening, it made a high of Rs. 92.95 up 11.51 percent.
Expansion Update from the Company
The company has announced the launch of its new generation of Data Centre solutions designed to meet the evolving requirements of AI-driven infrastructure. These solutions include advanced cabling and end-to-end connectivity offerings that cater to the high-speed, low-latency, and scalable needs of hyperscalers, telecom operators, enterprises, and data centre providers.
They have partnered with Tech Data India, a TD SYNNEX company, to distribute its solutions across over 70 cities in India. This collaboration will enhance STL’s market reach and provide end customers with access to advanced data centre technologies, along with supply chain and financing support.
With this expansion, STL aims to strengthen its position in the AI and digital infrastructure space, offering future-ready solutions to support the growing global demand for intelligent and sustainable data centres. The global Data centre market is projected to reach $517 billion by 2030, which will grow at a CAGR of 10.50 percent from 2021 to 2030
Sterlite Technologies is an Indian multinational company headquartered in Pune, specialising in end-to-end optical and digital network solutions. A part of the Vedanta Group, STL designs and builds advanced networks for global telecom companies, cloud providers, and large enterprises.
With a presence in over 100 countries, it offers a comprehensive portfolio that includes optical fibre, fibre optic cables, structured cabling, and network design and deployment services.
Further, the company has 10 Global production facilities, 650+ patents in glass science, precision manufacturing, virtualised network software and more. Additionally, it has 4 innovation centres for research & Development.
The company reported a 24.79 percent YoY increase in revenue from Rs. 843 Crore in Q4FY24 to Rs. 1,052 Crore in Q4FY25. On a QoQ basis, the company reported a decrease of 5.30 percent in revenue from Rs. 999 Crore in the previous quarter.
Their Net loss decreased from 82 Crores to 40 Crores on a YoY basis from Q4FY24 to Q4FY25, and on a QoQ basis, its net loss increased from 24 Crores to 40 Crores
Written By Abhishek Das
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