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Data Centre Buzz: STL Networks in 5% upper circuit after winning ₹360 crore order from Power GridInvenia, formerly known as Sterlite Technologies' Global Services business, now operates as a separate entity after its demerger rom Sterlite Tech in April. It operates as a digital infrastructure and IT services company.By Shloka Badkar   September 15, 2025, 1:58:51 PM IST (Updated)1 Min ReadShares of STL Networks Ltd. gained 5% on Monday, September 15, after Invenia-STL Networks secured a contract worth over ₹360 crore from PowerGrid Teleservices Ltd (PowerTel), which is a wholly-owned subsidiary of Power Grid Corporation of India Ltd.

As per the agreement, Invenia will design, build, commission and maintain the complete IT and cloud infrastructure for a greenfield Tier III data centre at PowerGrid's Manesar facility, STL Networks said.

Invenia will also establish a disaster recovery data centre (DRDC) and deliver a scalable infrastructure as a service (IaaS) solution complemented by Disaster Recovery Services.

The project encompasses a comprehensive operation and maintenance, the company added.

"Backed by our deep domain expertise, stringent compliance, and advanced system integration capabilities, we are delivering a solution that blends reliability with agility," Invenia CEO Pankaj Malik, Chief Executive Officer said.

Invenia, formerly known as Sterlite Technologies' Global Services business, now operates as a separate entity after its demerger rom Sterlite Tech in April. It operates as a digital infrastructure and IT services company.

Shares of STL Networks gained 5% to hit an intraday high of ₹22.92 apiece.

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