Sterlite Tech shares extend 2026 gains to 352% after bagging a $1.1 billion contract

Shares of Sterlite Technologies Ltd. on Monday, May 25, are locked in another 5% upper circuit on Monday, May 25, after the company bagged an international contract worth $1.11 billion.

With Monday's move, the stock is up for the fourth day in a row, is in an upper circuit for the second-day running, and has gained in 17 out of the last 20 trading sessions.

Out of the last 20 trading sessions, the stock has been locked in a 5% circuit in 10 of them.

The company said it has received a product award letter from a hyperscale partner for multi-year supply of optical connectivity products.

As per the contract, Sterlite Technologies, via is subsidiary, will supply optical connectivity products as per customer specifications, for AI data center build-outs.

The same will be supplied in each fiscal from FY27 to FY29. The company said the purchase orders will be released periodically during the contract period.

"We are enabling connectivity backbone for the AI data centers," Ankit Agarwal, the company's managing director said.



Sterlite Tech said it recently launched its STL Neuralis AI Data Center Portfolio:

• AI Whitespace: Utilising ultra-high-density, pre-terminated fiber cables, Neuralis supports the massive fiber counts required by GPU clusters.


• High speed data center interonnect (DCI): Celesta IBR cable series are ultra-compact cables featuring up to 6,912 fibers.

Shares of Sterlite Tech are locked in a 5% circuit at ₹463.2. The stock is up 66% in the last one month and has extended its gains to 352% so far in 2026.

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