Sterlite Tech shares jump 12% on data centre expansion to tap AI demand

Shares of Sterlite Technologies surged nearly 12% on Monday, June 16, after the company announced the expansion of its data centre portfolio to address growing demand from AI-driven infrastructure. The stock was among the top gainers in the broader markets.

In an exchange filing, the company said it has launched a new generation of data centre solutions—ranging from cabling to end-to-end connectivity—designed to meet the specific needs of hyperscalers, colocation providers, enterprises, and telecom operators.