Sterlite Tech has won a Rs 15.12 billion MahaNet-I project for the implementation of BharatNet-I in Maharashtra.

Maharashtra Information Technology Corporation (MahaIT), a state-led nodal agency, aims to connect approximately 13,000 gram panchayats through the MahaNet-I project. As a leading implementation partner, Sterlite Tech will connect 4,045 gram panchayats across eight districts of Maharashtra, impacting over 7.5 million citizens.

KS Rao, CEO, Telecom Services Business, Sterlite Tech, said, ''Ensuring e-connectivity to the villages through our unique Lead 360 deployment approach, we are creating a smarter digital network. Once the data transmission network is complete, it will ride various applications, including e-education, e-health and e-governance, thereby improving everyday living experiences of the citizens in the region.''

Shares of the company declined Rs 6.9, or 1.84%, to trade at Rs 367.70. The total volume of shares traded was 132,775 at the BSE (12.26 p.m., Monday).