Sterlite Technologies (STL), a leading digital infrastructure solutions provider and part of the Vedanta Group, has announced a major expansion of its data centre portfolio to cater to the surging demand for artificial intelligence (AI)-driven infrastructure. The announcement led to a 12 per cent surge in STL’s share price, reflecting strong investor confidence in the company’s growth strategy.
The expansion will enhance Sterlite Tech’s capabilities in building and managing high-performance, energy-efficient data centres, which are critical for handling the rapidly increasing data processing needs of AI applications, cloud computing, and digital services. The company aims to leverage its expertise in fiber optics and network solutions to strengthen India’s position as a key digital infrastructure hub.
While Sterlite Technologies is not directly involved in steel manufacturing, its parent company, Vedanta Limited, is a major player in the steel and aluminum industries. The development is of particular interest to the steel sector, as large-scale data centre construction requires significant use of structural steel and allied materials, creating potential opportunities for steel producers.
Industry experts believe that India’s data centre market is poised for substantial growth, driven by increasing digital adoption, cloud-based services, and AI integration. Companies like STL are expected to play a pivotal role in expanding the country’s digital infrastructure to meet both domestic and global demand.
The expansion aligns with Vedanta Group’s broader diversification into technology and infrastructure sectors, reinforcing its strategy to participate in emerging high-growth industries beyond its traditional metals and mining businesses.
