Mumbai (Udaipur Kiran News): Shares of Sterlite Technologies (STL) moved higher on Thursday after the company announced an expansion of its partnership with UK-based Netomnia, the country’s second-largest alternative network provider.
The stock was trading at ₹125.30 on the BSE, up 1.91% from its previous close of ₹122.95. It opened at ₹123.00 and touched an intraday high of ₹126.00 and a low of ₹122.95. Around 44,295 shares have changed hands so far.
In terms of fundamentals, STL has a market capitalization of ₹6,122.05 crore. The stock has hit a 52-week high of ₹140.30 (18 Aug 2025) and a 52-week low of ₹53.90 (7 Apr 2025). Promoter holding stands at 44.40%, with institutional investors at 18.08% and non-institutional investors at 37.52%.
STL said it has strengthened its long-term collaboration with Netomnia to co-develop advanced optical solutions for its 10 Gbps XGS-PON full-fibre network in the UK. The expanded multi-year deal will see STL supply end-to-end FTTH connectivity solutions, including optical fibre cables and connectivity products designed to accelerate rollout speed and reduce total cost of ownership.
STL’s solutions are expected to deliver 20% average area reduction, improved duct utilisation, enhanced blow performance, and a lower carbon footprint. Netomnia, together with YouFibre and brsk, already covers 2.8 million premises and has 400,000 connected users. It aims to reach 3 million premises by end-2025 and 5 million by 2027.
Sterlite Technologies is among the leading global integrators of digital networks, offering fibre optic, 5G, and optical connectivity solutions.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
