The listing marks a pivotal milestone in STL’s value-unlocking journey, positioning Invenia to capitalize on the exponential demand for digital infrastructure
STL Networks Ltd., a leading digital infrastructure and IT services company, has officially been listed on the National Stock Exchange of India (NSE) and BSE Limited (BSE), today, following its strategic demerger from STL – Sterlite Technologies Ltd.
The listing marks a pivotal milestone in STL’s value-unlocking journey, positioning Invenia to capitalize on the exponential demand for digital infrastructure. While STL will continue to focus on its core optical networking and Data Centre portfolio, STL’s erstwhile Global Services Business, rebranded as Invenia – STL Networks, is now positioned to scale its system integration (Network, Data Centre, Cloud, and Cybersecurity), connectivity, and managed services portfolio across telecom, enterprise, and public sector domains.
“Our debut on the Indian stock exchanges marks the start of an independent journey defined by scale, innovation, and execution excellence.”
– Pankaj Mallik, CEO, Invenia
The listing comes under a scheme of arrangement approved by the NCLT-Mumbai Bench, with the record date for corporate action declared as April 24, 2025, with shareholders receiving [1] Invenia equity share for every [1] share held in STL.
As a future-focused digital infrastructure company, this strategic move has already resulted in significant business wins with high-impact projects that underscore its market position:
- BharatNet III Project: A ₹2,631 crore contract for the Jammu & Kashmir leg of the project, secured in a consortium with Dilip Buildcon Limited. This includes ₹1,625 crore for capital expenditure and ₹975 crore for operations and maintenance.
- PowerGrid Data Center: A ₹359 crore contract with PowerGrid Teleservices Limited for the supply, installation, and maintenance of a pilot data center in Manesar.
- MSSS Project: A ₹205 crore system integration project for the Mukhyamantree Surakshit Sushaait Shahar (MSSS) initiative in three cities in Bihar, awarded by RailTel Corporation of India Ltd. in a consortium with Niveshan Technologies India Private Limited.
In its financial results for the year ending March 31, 2025, STL Networks-Invenia reported a revenue of ₹1,180 crore, an EBITDA of ₹81 crore, and a strong open order book of over ₹4,249crore.
Invenia aims to leverage its proven expertise in large-scale deployments to strengthen its portfolio in the global digital infrastructure and services space. Invenia’s strategic entry is well-timed to capitalize on the government’s focus on 5G, BharatNet, and smart infrastructure initiatives.
Pankaj Mallik, CEO of Invenia, stated, “Our debut on the Indian stock exchanges marks the start of an independent journey defined by scale, innovation, and execution excellence. We are here to engineer secure, future-ready infrastructure that empowers enterprises, governments, telecom operators, and cloud providers to thrive in a digital-first economy. With landmark projects like BharatNet, we are delivering national-scale impact while unlocking long-term value for our investors and the communities we serve.”
