Feb 26: Sterlite Technologies Ltd, a global technology leader that designs, builds and manages smarter digital networks, on Monday announced that it has been awarded a Rs 3,500-crore advance purchase order to design, build and manage the Indian Navy’s communications network. This will give the Indian Navy digital defence supremacy at par with the best naval forces globally, the company said.
According to the company, this is the first time that an integrated naval communications network at such a scale is being built in India. The scope requires Sterlite Tech to design, build and manage the communications network for over a decade through its system integration capabilities, it said.
“We are delighted to get an opportunity to play our role in strengthening India’s defence through highly scalable, future-ready networks,” said Dr Anand Agarwal, CEO, Sterlite Tech. He added, “Our recent experience of creating an intrusion-proof communication network for the Indian Army in Jammu & Kashmir will be leveraged for the Navy’s communications network. We look forward to delivering this end-to-end strategic network for the Indian Navy with our unique software-to-silicon capabilities.”
Unparalleled in scope and size, the project includes the creation of a high-capacity IP-MPLS (Internet Protocol – Multi Protocol Label Switching) network. Once completed, it will link multiple Indian naval sites and India-administered islands, the company added.
Based in Maharashtra, Sterlite Tech focuses on designing, building and managing smarter networks through its unique silicon-to-software technology capabilities and operations in more than 100 countries. With a strong portfolio of 155 patents, the company has a focused business spanning across optical communication products, system integration services and telecom software solutions.
Shares of the company surged more than 9% in today morning trade on BSE after the news came in. At 11.52 am, the Rs 2 face value shares were trading at Rs 363.85, up 5.89% from the previous closing of Rs 343.60.