New Delhi, Sept. 19 -- Shares of STL Networks, which recently debuted on the Indian stock market following its strategic demerger from Sterlite Technologies (STL), have emerged among the top performers this week, with shares rallying 34%, moving from Rs.22 to Rs.29.33 apiece.

Investor sentiment was boosted after the company secured a major contract worth over Rs.360 crore from PowerGrid Teleservices Limited (PowerTel), a wholly owned subsidiary of the Power Grid Corporation of India Limited (PGCIL), the nation's largest electric power transmission utility.

Under the agreement, the company stated that Invenia, the brand of STL Networks, will design, build, commission, and maintain the complete IT and cloud infrastructure for a greenfield...