Sterlite Technologies (STL), through its demerged Global Services Business (now STL Networks), in consortium with Dilip Buildcon, has entered into an agreement with Bharat Sanchar Nigam (BSNL) for a major telecom infrastructure project under BharatNet.

Signed on June 11, 2025, the agreement covers the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network for the Jammu & Kashmir and Ladakh Telecom Circles, identified as Package 13. The total contract value is Rs 2,631.14 crore, comprising Rs 1,620.50 crore in capital expenditure (capex), Rs 972.30 crore in operational expenditure (Opex) for the newly constructed network, and Rs 38.33 crore in Opex for the existing network.

The construction period is set for three years, followed by a ten-year maintenance contract—calculated at 5.5 percent per annum of Capex for the first five years and 6.5 percent per annum for the next five. Following the National Company Law Tribunal’s order on 14 February, 2025, STL’s Global Services Business was demerged into STL Networks effective March 31, 2025. The agreement will be novated in favour of STL Networks Limited upon formal completion of the transfer process.