STL Networks Shares Rise 5% After ₹360 Crore PowerGrid Contract Win

STL Networks shares gained on Monday, September 15, after its subsidiary Invenia won a significant contract from PowerGrid Teleservices Ltd (PowerTel). The agreement, valued at over ₹360 crore, covers the design and development of advanced data centre infrastructure and marks a major milestone in the company’s digital services journey.

Contract Details

Invenia-STL Networks signed the contract to design, build, commission, and maintain a greenfield Tier III data centre at PowerGrid’s Manesar facility. The scope also includes setting up a disaster recovery data centre (DRDC) and delivering infrastructure-as-a-service (IaaS) solutions, supported by disaster recovery services.

This collaboration is expected to boost PowerGrid’s IT backbone and provide robust, scalable infrastructure for future needs.

Management Commentary

“Backed by our deep domain expertise, stringent compliance, and advanced system integration capabilities, we are delivering a solution that blends reliability with agility,” said Pankaj Malik, Chief Executive Officer of Invenia, while speaking to CNBC TV18.

The management highlighted that the project aligns with STL Networks’ strategy of strengthening its presence in the digital infrastructure and cloud services space.

Company Background

Invenia was formerly part of Sterlite Technologies’ Global Services business and became a separate entity after the demerger in April 2025. The company focuses on digital infrastructure and IT services, catering to large-scale projects in networking, cloud, and managed services.

The separation has allowed Invenia to focus more sharply on scaling its IT and digital offerings while leveraging STL Networks’ expertise in connectivity solutions.

STL Networks Share Price Performance

On September 15, 2025, STL Networks share price opened at ₹22.01, compared to the previous close of ₹21.83. During the session, the stock touched a high of ₹22.92 and a low of ₹21.47 before trading at ₹22.92, up by 4.99% as of 2:40 pm IST.

The stock recorded a traded volume of 29.37 lakh shares and a traded value of ₹6.70 crore on the NSE. Its market capitalisation stood at ₹1,118.32 crore and over the past 52 weeks, STL Networks has hit a high of ₹24.22 and a low of ₹20.66.

Read More: Samsung begins manufacturing laptops in India

Conclusion

The ₹360 crore PowerGrid contract marks a significant win for STL Networks, reinforcing its credentials in digital infrastructure. With Invenia driving large-scale IT and cloud projects, the company is well-positioned to strengthen its market presence. The positive share price movement reflects investor confidence in its growth trajectory.

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