STL Networks wins ₹555 crore Power Grid OT security package
- Order win
- telecom network infrastructure
Reviewed byKeshav SehgalBlacklitt Research
STL Networks (NSE: STLNETWORK) has emerged as the lowest bidder, L1, from Power Grid Corporation of India Limited for a package to implement a centralised security operations centre for OT assets of substations, with a size of ₹555 crore inclusive of taxes, it said in a filing on 05 Nov 2026. The order is domestic and the company's latest quarter ended 30 Sep 2026 reported a consolidated net loss.
Key highlights
- Order size: ₹555 crore inclusive of taxes
- Awarding entity: Power Grid Corporation of India Limited, domestic
- Bid reference: RFx No. 5002005016 dated 05 Jan 2026
- Related party status: not a related-party transaction
The contract in numbers
| Item | Detail |
|---|---|
| Awarded by | Power Grid Corporation of India Limited |
| Status | L1 (lowest) bidder |
| Scope | Package for implementation of a Centralised Security Operations Centre for OT Assets of Substations (OT-SOC) |
| Value | ₹555 crore inclusive of taxes |
| Type | Domestic |
| Bid reference | CC/NT/W-MISC/DOM/A02/26/00023 (RFx No. 5002005016) dated 05 Jan 2026 |
| Execution period | As per the bid specification |
What the L1 position means
The company says the award is under the bid referenced as CC/NT/W-MISC/DOM/A02/26/00023, dated 05 Jan 2026.
The filing gives the size of the package as ₹555 crore inclusive of taxes, and the company describes the awarding entity as domestic and unconnected to its promoters or group companies.
Order size and timing
The ₹555 crore figure is stated as the consideration or size of the order, but the filing does not say whether it is a fixed sum or an estimate. The execution period is set by the bid specification and is not given as a date in the filing.
Against the company's market value of ₹1,808 crore at the 04 Nov 2026 close, the stated size is a large figure relative to that value, although the filing does not state a revenue or profit effect from it.
Context from recent filings
In its latest quarter, Q2 FY27, STL Networks reported consolidated total income of ₹274.21 crore and a net loss of ₹16.13 crore. Its filings in late October 2026 covered a change in its company secretary and the quarterly results, and none of them relates to this order.
What the Power Grid order means for STL Networks' shareholders
The filing adds a domestic security package for substation OT assets to the company's pipeline, at a stated size of ₹555 crore inclusive of taxes. The filing does not say what the company's share of that sum will be, what margin the work carries, or whether a letter of award has been issued after the L1 position.
The next dated step is not stated in the filing; execution timing rests on the bid specification.
Filed with BSE on . Reference: Original filing (PDF)
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