Sterlite Technologies seals ₹2,631-crore BSNL contract for J&K, Ladakh project

Sterlite Technologies Ltd, in collaboration with Dilip Buildcon Ltd, has signed a ₹2,631.14-crore agreement with Bharat Sanchar Nigam Limited (BSNL) for the BharatNet middle-mile network in Jammu & Kashmir and Ladakh telecom circles – package 13.

The contract covers the design, supply, construction, installation, upgradation, operation, and maintenance of the network, aiming to enhance digital connectivity in remote regions. The project includes a three-year construction phase, followed by a 10-year maintenance contract.

This development aligns with the Centre’s recent push for state governments to adopt BSNL and MTNL services, reinforcing public sector telecom players and addressing data security concerns. The government has cited a 2019 Cabinet mandate that made it compulsory for central government ministries and departments to rely on BSNL and MTNL, urging states to follow suit.

Q4 results

On May 16, 2025, Sterlite Technologies reported a consolidated net loss of ₹40 crore for the March 2025 quarter, improving from a ₹82 crore loss in the same period last year. Revenue rose 25% year-on-year to ₹1,052 crore, up from ₹843 crore in Q4FY24.

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Shares of Sterlite Industries ended 1.78% in the green on the BSE today (June 11).