Sterlite Technologies Subsidiary Secures US$ 1.2 bn Supply Agreement
ECONOMY & POLICY

Sterlite Technologies Subsidiary Secures US$ 1.2 bn Supply Agreement

Sterlite Technologies has announced that a wholly owned subsidiary has received a long-term supply agreement from an international hyperscale partner. The agreement has a potential value of approximately US$ 1.2 bn over its tenure, calculated using prevailing selling prices for the connectivity products to be supplied.

The arrangement covers the allocation of optical connectivity products for each calendar year from CY26 to CY30. Purchase orders will be issued periodically during the contract period, with deliveries to be made according to the customer’s specifications and requirements.

The agreement is scheduled to run until December 2030. The regulatory disclosure did not identify the hyperscale partner, describing it only as an international entity awarding the contract.

The contract includes a reciprocal risk-sharing framework for both parties. Under the arrangement, the financial liabilities of Sterlite Technologies’ subsidiary and the customer will be capped in the event of demand shortfalls, supply-capacity constraints or failures to meet the agreed requirements.

Sterlite Technologies said the contract does not involve any interest held by its promoter, promoter group or group companies in the awarding entity. It also does not fall within related-party transaction provisions. The company submitted the disclosure under Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015, to the stock exchanges on October 1, 2026.

Sterlite Technologies has announced that a wholly owned subsidiary has received a long-term supply agreement from an international hyperscale partner. The agreement has a potential value of approximately US$ 1.2 bn over its tenure, calculated using prevailing selling prices for the connectivity products to be supplied. The arrangement covers the allocation of optical connectivity products for each calendar year from CY26 to CY30. Purchase orders will be issued periodically during the contract period, with deliveries to be made according to the customer’s specifications and requirements. The agreement is scheduled to run until December 2030. The regulatory disclosure did not identify the hyperscale partner, describing it only as an international entity awarding the contract. The contract includes a reciprocal risk-sharing framework for both parties. Under the arrangement, the financial liabilities of Sterlite Technologies’ subsidiary and the customer will be capped in the event of demand shortfalls, supply-capacity constraints or failures to meet the agreed requirements. Sterlite Technologies said the contract does not involve any interest held by its promoter, promoter group or group companies in the awarding entity. It also does not fall within related-party transaction provisions. The company submitted the disclosure under Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015, to the stock exchanges on October 1, 2026.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Vedanta Secures Two Offshore Blocks in KG Basin Under DSF IV

Vedanta Oil and Gas has secured two offshore blocks in the Krishna Godavari (KG) Basin under the Government of India's Discovered Small Field (DSF) IV bidding round, strengthening its exploration and production portfolio along India's east coast.The newly awarded assets include the shallow water block KG/OSDSF/G1/2025 and the deepwater block KG/DWDSF/GD10/2025. The acquisition forms part of Vedanta's strategy to expand its offshore operations and explore India's untapped hydrocarbon resources through advanced technologies and efficient project execution.The blocks were awarded at a contract si..

Next Story
Resources

Hindustan Zinc's Sakhi Enterprise Income Grows 43%

Hindustan Zinc's Sakhi Microenterprise initiative has recorded a 43 per cent year-on-year increase in collective income, rising from Rs 2.3 million in FY26 to Rs 3.28 million, according to the company. The initiative, operated through Sakhi Utpadan Samiti, currently engages 426 women in income-generating activities across multiple production units.The programme aims to promote financial independence by helping rural women develop entrepreneurial skills and establish sustainable livelihoods. One of its beneficiaries, Manju Devi, who previously depended on seasonal agricultural work, now operate..

Next Story
Technology

KP Group Launches Waterless Solar Cleaning Robot at REI Expo

KP Group's KPI Green OMS has launched the SR 2000 V3.0, a waterless robotic solar panel cleaning system designed for single-axis tracker and fixed-tilt solar power plants, at the Renewable Energy India (REI) Expo 2026 in Greater Noida. The robot aims to improve solar plant efficiency while reducing water consumption and maintenance requirements.Designed to address dust accumulation on solar modules, particularly in dry and remote locations, the SR 2000 V3.0 uses a UV-resistant polybutylene terephthalate (PBT) brush operating at 130 rpm. According to the company, the system achieves a cleaning ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code