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Sterlite Technologies has won a ₹3,500-crore advance purchase order to design, build and manage the Indian Navy’s communications network.
Following the deal, the company’s share price rose as much as 10.36 per cent to ₹378.85, its highest since February 2.
The deal requires Sterlite to design, build and manage the communications network for over a decade. This is the first time an integrated naval communications network of such a scale is being built in India, the company said in a statement.
“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,” said Anand Agarwal, CEO, Sterlite Tech.
This will give Indian Navy digital defence supremacy that is at par with the best naval forces globally, the statement said, adding, once completed, it will link multiple Indian naval sites and India-administered islands.
“We will lead the planning and designing of a converged MPLS infrastructure on a two-layered centrally-managed IP backbone. This will provide a secure and reliable digital highway to the Indian Navy for administrative and defence operations,” said KS Rao, COO and MD (Telecom Products & Services) at Sterlite Tech.
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