Upper Circuit Alert: Digital infrastructure & IT services company secures Rs 359 crore data center infrastructure contract from PowerGrid Teleservices Ltd

On Monday, shares of Invenia-STL Networks Ltd hit a 5 per cent upper circuit to Rs 22.92 per share from its previous closing of Rs 21.83 per share. The company has a market cap of over Rs 1,100 crore and the stock’s 52-week high is Rs 24.23 per share

Invenia-STL Networks Ltd., a digital infrastructure and IT services company, has been listed on both the National Stock Exchange of India (NSE) and BSE Limited (BSE). The company recently secured a significant contract worth approximately Rs 359 crore from PowerGrid Teleservices Limited (PowerTel), a subsidiary of the Power Grid Corporation of India. Under this agreement, Invenia-STL will be responsible for the complete lifecycle of a new Tier III data center at PowerGrid's Manesar facility, including its design, construction, commissioning, and ongoing maintenance. This project also involves the establishment of a Disaster Recovery Data Centre (DRDC) and the delivery of a scalable Infrastructure as a Service (IaaS) solution, complemented by comprehensive Disaster Recovery Services.

This collaboration is part of a larger, long-term commitment to ensure the operational readiness and performance of PowerGrid's digital infrastructure. The project's focus on sustainable and energy-efficient design, including advanced cooling systems, aligns with India’s national goals for digital resilience and climate commitments. The development of this new, future-ready data center and its accompanying disaster recovery solution is a significant step towards bolstering the nation's digital infrastructure while also supporting sustainable practices.

About Invenia - STL Networks Ltd

Invenia is a premier digital infrastructure and IT services company that empowers telcos, government, defence and large enterprises across various sectors like BFSI, Education, Mining, Energy and Healthcare in India and the UK. The company specialises in enabling digital transformation by providing state-of-the-art services, including Connectivity, System Integration, Managed Services and AI-Enabled Solutions. Driven by its purpose to "Empower next-generation innovation through cutting-edge digital infrastructure," Invenia aims to challenge the status quo and create sustainable value for its customers, investors and employees.

For the year ending March 31, 2025, STL Networks-Invenia reported a revenue of Rs 1,180 crore and an EBITDA of Rs 81 crore. The company also has a strong open order book of over Rs 4,249 crore. Invenia aims to use its expertise in large-scale deployments to strengthen its position in the global digital infrastructure and services space

Disclaimer: The article is for informational purposes only and not investment advice.