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India's Sterlite Tech hits record high on bagging a $1.2 billion contract

By Reuters News07:26 (UTC), 1 October 2026 Updated

** Telecom products maker Sterlite Tech STTE.NS rise as much as 5% to a record high of 955.35 rupees apiece; shares last up 3.6%

** Rise after STTE's unit secures a long-term contract valued at $1.2 billion

** Contract pertains to the supply of optical connectivity products, starting from 2026 to 2030, from an international hyperscale partner

** STTE shares have seen a nine-fold jump in 2026 so far, according to exchange data

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