Sterlite Technologies Subsidiary Secures USD 1.2 Billion Supply Agreement

Sterlite Technologies Limited (STL) announced that its wholly owned subsidiary has received a Long-Term Supply Agreement (LTSA) with a hyperscale partner. The agreement, valid until December 2030, has a potential value of approximately USD 1.2 billion based on prevailing selling prices. The LTSA includes provisions for the allocation of optical connectivity products from CY26 to CY30, periodic purchase orders, and a reciprocal risk-sharing framework with capped financial liabilities for both parties. This international contract is for the supply of optical connectivity products as per customer specifications.