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Sterlite Technologies Limited. — Capital/Financing Update 2024
Nov 8, 2024
59411_rns_2024-11-08_7bf881a2-008e-4d2e-b391-acd95617a728.pdf
Capital/Financing Update
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www.stl.tech
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November 8, 2024
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.
Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Sterlite Technologies Limited emerges as Lowest Bidder (L1 bidder) from Bharat Sanchar Nigam Limited
Ref.: Scrip ID - STLTECH/ Scrip Code – 532374
Dear Sir/Madam,
Pursuant to Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, Sterlite Technologies Limited (‘STL’ or ‘the Company’) hereby submits that it emerged as L1 bidder from Bharat Sanchar Nigam Limited (BSNL) for “Development (Creation, Upgradation and Operation & Maintenance) of Middle mile network of Bharat Net on Design Build Operate and Maintain (DBOM) Model” – Package 13 (Jammu & Kashmir) as per details enclosed herewith as Annexure ‘A’.
We request you to take the same on record.
Thanking you.
Yours faithfully,
For Sterlite Technologies Limited
AMIT VILAS Digitally signed by AMIT VILAS DESHPAND DESHPANDE Date: 2024.11.08 E 09:21:29 +05'30'
Amit Deshpande
General Counsel & Company Secretary (ACS 17551)
Encl.: As above.
Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408
www.stl.tech
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Annexure A
| S. No. | Particulars | Description |
|---|---|---|
| 1. | Name of the entity awarding the order(s) /contract(s); |
Bharat Sanchar Nigam Limited (BSNL) |
| 2. | Significant terms and conditions of order(s)/contract(s)awarded in brief |
General Contract Conditions |
| 3. | Whether order(s) / contract(s) have been awarded by domestic/ international entity |
Domestic Entity |
| 4. | Nature of order(s) / contract(s); | Development (Creation, Upgradation and Operation & Maintenance) Of Middle mile network of Bharat Net on Design Build Operate and Maintain (DBOM)Model – Package 13(Jammu & Kashmir) |
| 5. | Whether domestic or international; | Domestic |
| 6. | Time period by which the order(s) / contract(s) is to be executed |
Three (03) Years for construction & 10 years of Maintenance Contract @ 5.5% per annum of capex for 1st 5 years & @ 6.5% per annum of capex for next 5years |
| 7. | Broad consideration or size of the order (s) / contract (s); |
INR 1625,36,49,617.26/- (Indian Rupees One Thousand Six Hundred Twenty-Five Crores Thirty- Six Lakhs Forty-Nine Thousand Six Hundred Seventeen and Twenty-Six Paise only) |
| 8. | Whether the promoter/ promoter group companies have any interest in the entity that awarded the order(s)/contract(s)? |
No |
| 9. | Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at "arm's length". |
No |
Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408