New Launch11 Jun 2025, 05:20 pm
Sterlite Technologies Ltd Signs Agreement with BSNL for Middle-Mile Network in Jammu & Kashmir and Ladakh Telecom Circles
AI Summary
Sterlite Technologies Limited (STL), through its Global Services Business, in consortium with Dilip Buildcon Limited, has entered into an Agreement with Bharat Sanchar Nigam Limited (BSNL) on June 11, 2025. The Agreement pertains to the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network under BharatNet for the Jammu & Kashmir and Ladakh Telecom Circles — Package 13. The Agreement will be novated in favour of STL Networks Limited upon completion of the necessary formalities. The contract is worth INR 2631.14 crores (inclusive of GST) and is for a period of three years for construction and ten years of maintenance.
Key Highlights
- Sterlite Technologies Ltd has signed an Agreement with BSNL for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network under BharatNet for the Jammu & Kashmir and Ladakh Telecom Circles.
- The Agreement is worth INR 2631.14 crores (inclusive of GST).
- The contract period is three years for construction and ten years of maintenance.
- The Agreement will be novated in favour of STL Networks Limited upon completion of the necessary formalities.
- The Global Services Business of STL has been demerged into STL Networks Limited, effective from the close of business hours on March 31, 2025.