Latest news with #STL
Montreal Gazette
2 days ago
- Montreal Gazette
Canada Day 2025: What's open and closed in Montreal
Montrealers can expect closings across banks, government offices and major retailers on Monday as the city marks Canada Day, with reduced transit service and limited store hours in effect. Transit will run on a reduced schedule across the region, with the STM operating on a holiday timetable for buses and the métro. The RTL and STL will also offer reduced service, Exo commuter trains will follow a Sunday schedule, and the REM will run from 5:30 a.m. to 8:40 p.m. Grocery chains such as IGA, Provigo, Super C, Metro and Maxi may have varied hours depending on the location — some may open with reduced schedules, others may close for the day. Most major pharmacies will remain open, though hours may vary. There will be no Canada Post delivery or pickup on Monday. Most bank branches will be closed for the day. Garbage, recycling and compost collection will proceed as usual across all boroughs for Monday pickups. Borough halls, permit counters, Accès Montréal offices and municipal courts will be closed — except for detainee court, which remains open in Room R.40. Major shopping centres will be closed. Big-box retailers may also be closed. Many SAQ outlets will be closed, though some locations may remain open — check with your local store. All SQDC cannabis shops across the province will be closed for the day. Most restaurants, cafés and bars will remain open, especially in busy neighbourhoods such as downtown, the Plateau and Old Montreal. Jean-Talon, Atwater and Maisonneuve markets will stay open, though hours may be reduced. Espace pour la Vie institutions — including the Biodôme, Botanical Garden, Planetarium, Insectarium and Biosphère — will be open to the public. Library branches, community centres and public pools may have modified hours or be closed — check your borough's website for details. Holiday restrictions remain in effect for parking, so be sure to read posted signs carefully.
Time of India
23-06-2025
- Business
- Time of India
STL expects revenue boost from data centre portfolio, says J&K BharatNet project ‘on track'
NEW DELHI: Homegrown optical solutions maker Sterlite Technologies (STL) expects its enterprise equipment, and recently launched data centre (DC) portfolio to boost its revenues in the coming quarters. STL, which won a ₹2,600-crore deal for the Jammu & Kashmir leg of the BharatNet Phase-III programme in consortium with Dilip Buildcon, said that project execution has started in several regions. 'We aim to capture nearly 25% of our revenues from DC and enterprise products over the next few quarters. And this will be driven by artificial intelligence (AI), cloud, and 5G that are accelerating data centre constructions, along with an anticipated two-fold surge in hyperscaler and colocation capital expenditure (capex) in India in FY26,' Ankit Agarwal, managing director, STL, told ETTelecom in an interview. STL's data centre connectivity offerings include high-performance fibre, copper cabling, connectors, engineering services, and design consultancy. Citing third-party market estimates, STL in its recent quarterly earnings report had said that data centres with GPU-dense racks require 36-times more fibre compared to CPU racks, while AI data centres need 70% higher fibre density than traditional data centres, which will drive the demand for optical fibre cables. 'We have already initiated commercial discussions with multiple hyperscalers, telcos, and colocation operators in India and MEA,' Agarwal said, adding that the vendor's DC portfolio has been well-received across sectors, particularly by enterprises that are scaling private and edge data centers. According to the top executive, the company is adopting a partner-led go-to-market (GTM) strategy to sell its DC connectivity portfolio in the US, Europe, and Southeast Asia in the coming years. In India, STL is hiring several channel partners, including Tech Data India or TD Synnex, which has enabled faster market access across more than 70 cities. 'Pilot deployments are underway in key accounts, which will be followed by full-scale rollouts in the coming quarters,' Agarwal said. Revenue of STL's optical networking business, however, fell by 2.32% year-on-year to ₹3,741-crore in FY25. The vendor's consolidated net loss increased marginally 1.41% year-on-year to ₹72-crore in the fiscal year that ended March 31, 2025. HFCL and Polycab , which are among the leading domestic vendors, are also capitalising on the data centre growth in India. According to a recent study by real estate consulting firm Colliers India, the country's data centre industry is expected to attract $20-25 billion in fresh investments in the next five to six years. It found that the total capacity will more than triple to over 4.5 GW by 2030, driven by the adoption of cloud computing, artificial intelligence (AI), the Internet of Things (IoT), and digitalisation. 'With this new BharatNet project in Jammu & Kashmir, our focus is on expanding broadband connectivity to villages,' Agarwal said. 'Execution is on track in many regions, but challenges like terrain complexity, right-of-way (RoW) issues, and skilled manpower availability can impact rollout pace,' he added. STL suggested that the Central government shift its focus from deployment to monetisation of BharatNet assets, adding that deployment quality and performance tracking must be standardised to ensure long-term viability. The company had previously contributed to the execution of the Network for Spectrum (NFS) project in Jammu & Kashmir, building an intrusion-proof network spanning over 10,000 kilometres for the Indian Armed Forces.
Time of India
18-06-2025
- Business
- Time of India
BharatNet Phase-III: Polycab wins ₹6,447.54-crore deal for Karnataka, Goa and Puducherry circle
NEW DELHI: State-controlled Bharat Sanchar Nigam Limited ( BSNL ) has awarded a ₹6,447.54-crore deal to homegrown electrical wires and optical cable manufacturer Polycab to construct and maintain a middle-mile network under the BharatNet Phase-III programme in Karnataka, Goa and Puducherry telecom circle. '...Polycab India Limited has executed an agreement with BSNL as the Project Implementation Agency for Design, Supply, Construction, installation, upgradation, operation and maintenance of middle mile network of Bharat Net in Karnataka, Goa and Puducherry Telecom Circle against Package No. 4 amounting ₹6,447.54 crores (inclusive of GST),' Polycab said in a regulatory filing in aftermarket hours Tuesday. The deal value comprises a capital expenditure (capex) of ₹3,741.92-crore and operating expenditure (opex) of ₹2,245.15-crore, and an opex of ₹460.47-crore for the existing network, as per the filing. BharatNet , a rural telecom connectivity project, is aimed at providing non-discriminatory access to broadband connectivity to all telecom operators (telcos). BSNL has previously awarded contracts to Polycab, ITI Limited, Sterlite Technologies (STL), Telecommunications Consultants of India Limited (TCIL), and Pratap Technocrats, among others, under multiple packages of the BharatNet Phase-III programme. ETTelecom reported on August 7, 2024, that the Telecommunications Consultants of India Limited (TCIL), ITI Limited, indigenous optical fiber cable (OFC) makers HFCL, STL, Polycab, and Pratap Technocrats, are among the bidders for the third phase of the Centre's ambitious BharatNet programme. Indigenous OFC makers Polycab, STL and HFCL presented solo bids while as many as 18 bidders, including G R Infraprojects, Vindhya Telelinks, Pace Digitek Infra Private Limited, Rail Vikas Nigam Limited (RVNL), Bharat Electronics Limited, Megha Engineering, and others, took the consortium route. A total of 21 bidders put in their bids under the BharatNet 3 program for Madhya Pradesh, Rajasthan, Uttar Pradesh (East), Uttar Pradesh (West), Karnataka, Uttarakhand, Bihar, Himachal Pradesh, West Bengal, Jammu & Kashmir, North East Region – I and North East Region – II, and others. In early 2024, the Centre rolled out the BharatNet III programme with an outlay of Rs 65,000-crore. The last date to submit bids was August 6, 2024. The tender is part of the Prime Minister Narendra Modi-led government's Rs 1.39 lakh crore BharatNet programme which aims to provide last-mile broadband connectivity, and upgrade the existing 164,000 gram panchayats, as well as, connect 47,000 gram panchayats under the new model.
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Business Standard
17-06-2025
- Business
- Business Standard
Smallcap stock zooms 42% in 2 days; 134 mn shares change hands on NSE, BSE
Share price of Sterlite Technologies today: Shares of Sterlite Technologies (STL) continued their upward movement, soaring 19.7 per cent to ₹119 on the BSE in Tuesday's intraday trade to hit a fresh 52-week high amid heavy volumes. In the past two trading days, the stock price of this optical and digital solutions company has surged 42 per cent after the company expanded its Data Centre portfolio to meet emerging requirements for AI data centres. The stock price of smallcap telecom equipment & accessories company surpassed its previous 52-week high level of ₹115.97 touched on July 30, 2024. In the past one week, it zoomed 49 per cent, as compared to 1.1 per cent decline in the BSE Sensex during the same period. The stock has bounced back 91 per cent from its previous month low of ₹59 touched on May 9, 2025. At 11:55 AM, STL was quoting 14.4 per cent higher at ₹113.7, as against 0.25 per cent decline in the BSE Sensex. The average trading volumes on the counter jumped multiple-fold. A combined 133.93 million shares, representing 27.45 per cent of total equity of STL, changed hands on the NSE and BSE till the time of writing this report. Retail individual shareholders held nearly 30% stake in STL As on March 31, 2025, retail individual shareholders held nearly 30 per cent stake in STL, the shareholding pattern data shows. Resident Individuals holding nominal share capital up to ₹2 lakh (22.13 per cent) and Resident Individuals holding nominal share capital in excess of ₹2 lakh (7.39 per cent) have collectively held 144 million shares or 29.52 per cent stake in STL, data shows. The promoters including Twin Star Overseas held 44.16 per cent holding in STL. Expands Data Centre portfolio STL on Monday announced the launch of a new generation of Data Centre solutions, ranging from cabling to end-to-end connectivity offerings designed to power the relentless demands of AI-driven data centre infrastructure. This new-age solution is engineered to meet the exact requirements of hyperscalers, colocation players, enterprises and telecom service providers to build agile, scalable, and sustainable Data Centre infrastructure, the company said, in a press release. With the global data centre market projected to reach $517 billion by 2030 (growing at a compounded annual growth rate (CAGR): 10.5 per cent from 2021- 2030), legacy infrastructure cabling systems are buckling under the demands for lower network latencies, rising network speeds and density requirements, as well as sustainability mandates. With this launch, STL bridges this gap by bringing to the core its more than 30 year's leadership in Optical network connectivity, the company said. STL has partnered with Tech Data – India, a TD SYNNEX subsidiary, a leading global distributor and solutions aggregator for the IT ecosystem, to make STL solutions available in India. FY26 outlook The management in the Q4 earnings conference call said as the STL advances to the next fiscal of FY26 directionally, its strategic priorities remain the same in the optical networking business. Some of the key strategic priorities for FY26 – the company's focus remains on driving growth by increasing market share and optical fiber cables and improving our connectivity attach rates. To achieve the goal of generating significant revenue from data center enterprise segments, STL will accelerate the development of comprehensive data center product suites and tap a vast potential in this market. Additionally, the management said the company will sustain its efforts to drive technology and cost leadership in the optical domain. About Sterlite Technologies (STL) Sterlite Technologies (STL) is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks.
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Business Standard
16-06-2025
- Business
- Business Standard
Sterlite Technologies surges 13% on heavy volumes; soars 22% in 3 days
Share price of Sterlite Technologies today Shares of Sterlite Technologies (STL), a leading optical and digital solutions company, hit an over three-month high at ₹94.38, surging 13 per cent on the BSE in Monday's intra-day trade amid heavy volumes after the company said it expanded its Data Centre portfolio to meet emerging requirements for AI data centres. The stock price of this smallcap telecom equipment & accessories company was trading at its highest level since February 25, 2025. In the past three trading days, it has rallied 22 per cent, and bounced back 59 per cent from its previous month low of ₹59 touched on May 9, 2025. At 12:49 PM; STL was quoting 12.8 per cent higher at ₹94.03, as compared to 0.80 per cent rise in the BSE Sensex. The average trading volumes at the counter jumped over five-fold. A combined 31.18 million shares representing 6.4 per cent of the total equity of STL changed hands on the NSE and BSE. Catch Stock Market Updates Today LIVE STL today announced the launch of a new generation of Data Centre solutions, ranging from cabling to end-to-end connectivity offerings designed to power the relentless demands of AI-driven data centre infrastructure. This new-age solution is engineered to meet the exact requirements of hyperscalers, colocation players, enterprises and telecom service providers to build agile, scalable, and sustainable Data Centre infrastructure, the company said in a press release. With the global data centre market projected to reach $517 billion by 2030 (growing at a compounded annual growth rate (CAGR): 10.5 per cent from 2021- 2030), legacy infrastructure cabling systems are buckling under the demands for lower network latencies, rising network speeds and density requirements, as well as sustainability mandates. With this launch, STL bridges this gap by bringing to the core its 30+ year's leadership in Optical network connectivity, the company said. STL has partnered with Tech Data - India, a TD SYNNEX subsidiary, a leading global distributor and solutions aggregator for the IT ecosystem, to make STL solutions available in India. Signs agreement with Bharat Sanchar Nigam Limited (BSNL) STL through its Global Services Business (the demerged business vertical), in consortium with Dilip Buildcon, entered into an Agreement with Bharat Sanchar Nigam Limited (BSNL) on June 11, 2025. The agreement pertains to the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network under BharatNet for the Jammu & Kashmir and Ladakh Telecom Circles - Package 13. The total value of the contract was ₹2,631.14 crore (inclusive of GST), comprising capital expenditure (capex) of ₹1,620.50 crore and operating expenditure (opex) of ₹972.30 crore for the new network and ₹38.33 crore for the existing infrastructure. The construction phase will span three years, followed by a 10-year maintenance period. Maintenance payments will be made at 5.5 per cent per annum of capex for the first five years and 6.5 per cent annually for the remaining five, according to the release issued by the company. Sterlite Technologies - FY26 outlook The management in the Q4 earnings conference call said STL's strategic priorities remain the same in the optical networking business. Some of the key strategic priorities for FY26 - the company's focus remains on driving growth by increasing market share and optical fiber cables and improving connectivity attach rates. To achieve the goal of generating significant revenue from data center enterprise segments, STL will accelerate the development of comprehensive data center product suites and tap a vast potential in this market. Additionally, the management said the company will sustain its efforts to drive technology and cost leadership in the optical domain. About Sterlite Technologies (STL) Sterlite Technologies (STL) is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks.
