Sterlite Technologies Limited (STL) has announced the receipt of an Advance Work Order (AWO) from Bharat Sanchar Nigam Limited (BSNL) for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network of BharatNet in the Jammu & Kashmir and Ladakh telecom circles. The project will be executed by STL’s Global Services Business in consortium with Dilip Buildcon Limited.
STL’s Global Services Business is in the process of being demerged into STL Networks Limited under a Scheme of Arrangement approved by the National Company Law Tribunal (NCLT) on February 14, 2025. The demerger will become effective once all required procedures are completed.
Further details, as per SEBI’s Master Circular dated November 11, 2024, and the subsequent circular dated December 31, 2024, are provided in Annexure A.