Sterlite Tech bags order worth Rs3,500cr; stock gains 3%

Shares of Sterlite Tech were trading ~2% higher in the late morning session on Tuesday after the company bagged an order worth Rs3,500cr. The purchase order has been received for designing, building, and managing the Indian Navy’s digital network. "The company had in February 2018 announced the award of the Advanced Purchase Order (APO) for this project," said Sterlite Tech in a press note to the exchanges on Tuesday. Sterlite Technologies share price is currently trading at Rs326, up by Rs7.8 or 2.45% from its previous closing of Rs318.20 on the BSE.

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