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Sterlite Technologies Limited. — Capital/Financing Update 2022
Jan 25, 2022
59411_rns_2022-01-25_fad1cdb9-362a-4fa2-b1fa-251e188fc2cf.pdf
Capital/Financing Update
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----- Start of picture text ----- www.stl.tech----- End of picture text -----
January 25, 2022
National Stock Exchange of India Limited Exchange Plaza, 5[th] Floor, Plot No. C-1, G Block, Bandra Kurla Complex, Bandra (East) Mumbai - 400 051.
BSE Limited Phirozee Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.
Sub: - Press Release – STL wins INR ~170 crore deal for building a Unified Network Management System for PGCIL
Ref.: Scrip ID - STLTECH/ Scrip Code – 532374
Dear Sir/Madam,
We wish to inform that the Company has announced INR ~170 crore deal through a partnership with India’s largest power distribution company, Powergrid Corporation of India Limited (PGCIL) for building a Unified Network Management System for PGCIL.
A copy of the Company’s Press Release in this behalf, is enclosed herewith.
Kindly take the above on record.
Thanking you.
Yours faithfully,
For Sterlite Technologies Limited
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Amit Deshpande
Corporate General Counsel & Company Secretary (ACS 17551)
Enclosure: As above.
Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408
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PRESS RELEASE
STL wins INR ~170 crore deal for building a Unified Network Management System for PGCIL
Mumbai, India, 25 January 2022 : STL [NSE: STLTECH], an industry-leading integrator of digital networks, announced a partnership with India’s largest power distribution company, Power Grid Corporation of India Limited (PGCIL). Through this collaboration, STL will fulfil PGCIL’s requirement for high performance, integrated network management systems across their regional communications networks. With this multi-year deal worth INR ~170 Cr , STL further strengthens its relationship with PGCIL. As a part of its earlier engagements, STL has been supplying optical fibre cables and developed an IP-MPLS network for PGCIL.
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PGCIL owns and operates 90% of India's interstate and inter-regional electric power transmission network spanning 1,72,192 circuit kilometres & 72,126 km of telecom network. This gigantic transmission & telecom network has to be consistently maintained at an availability of 99% & 99.5% uptime, respectively. As networking becomes agile, these mammoth networks will require a modern approach to management and orchestration to solve challenges in the areas of silos, interoperability and security.
Leveraging its software-defined networking solution, STL will deliver a customised Unified Network Management System (UNMS) offering advanced automation, programmable configuration and actionable insights. Through this solution, PGCIL will get a consolidated, centralised view of regional networks and will be able to optimise O&M, reduce system outages at the national level and generate performance analytics for the Central Electricity Authority (CEA).
Commenting on this collaboration, Praveen Cherian, CEO, Global Business Services, STL said : “We are delighted to form an association with PGCIL for creating a customised UNMS for managing their massive-scale utility networks. Through our solution, we will provide a consolidated infrastructure with centralised controls for their inter-regional networks. The network management system, with integrated analytics, will bring in efficiency and effectiveness setting superior standards in networks operations management.”
About STL
STL is an industry-leading integrator of digital networks that helps telcos, cloud companies, citizen networks and large enterprises deliver enhanced experiences to their customers. Read more, Contact us.
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Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408
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For more information, contact:
Media Relations Agency Contact Investor Relations Khushboo Chawla Guneet Kaur Pankaj Dhawan Phone: +91. 9711619114 Phone: +91. 8968909392 Phone: +91. 8130788887 [email protected] [email protected] [email protected]
Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408