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This is an archive article published on September 21, 2011

Sterlite Technologies shares rise 4%

Shares of Sterlite Technologies surged after the company received a Rs 114-cr contract.

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Shares of Sterlite Technologies,a provider of transmission solutions for power and telecom companies,today surged over 4 per cent on the BSE after the company received a Rs 114-crore contract from BSNL.

The company’s stock settled 4.51 per cent higher at Rs 41.70 on the BSE. During the day,the stock climbed 6.26 per cent to touch a high of Rs 42.40.

Sterlite Technologies today said it has received the contract from BSNL for establishment of a broadband network in the state-run company’s telecom circles.

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The company will install and commission the system by the end of 2013 and will manage this network for seven years thereafter,Sterlite Technologies said in a filing to the BSE.

Meanwhile,the BSE benchmark Sensex ended at 17,065.15,down 34.13 points amid a highly volatile trend in the stock market.

Company INFO More on Sterlite Tech

Stocks More on Sterlite Tech

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