Sterlite Technologies and Welspun Corp surge on US data center demand

Indian companies Sterlite Technologies and Welspun Corp are experiencing significant stock growth driven by the expansion of artificial intelligence, data centers, and energy infrastructure in the United States.

Sterlite Technologies, which holds approximately 8% of the global optical fiber cable market outside of China, has seen its stock return roughly 690% over a one-year period ending October 1, 2026. The company’s data center revenue rose to 21% of its total revenue in the June 2026 quarter, up from 1% in FY26. Analysts at Nirmal Bang project continued growth driven by 5G, 6G, and global data center capacity increases, which are expected to rise from 102 GW in 2026 to 220 GW by 2030.

Welspun Corp has also seen substantial gains due to rising demand for pipeline and data center components. The company reported a Q1 profit after tax of ₹1,048 crore, a significant increase from ₹349 crore in the same quarter the previous year.