The inventory hit an intraday excessive of Rs 576.85 on the NSE, up Rs 65.7, or 12.8%, from its earlier shut of Rs 511.15.
In an change submitting dated August 27, Tejas Networks mentioned it had obtained a “Letter of Intent” from TCS to provide RAN gear, equipment and set up supplies for BSNL’s 4G community.
The proposed challenge covers 18,685 websites and is valued at Rs 1,537 crore. An in depth buy order for the contract can be issued by TCS to the corporate sooner or later, Tejas Networks added within the submitting.
In Could 2025, TCS had secured an add-on buy order value Rs 2,903.22 crore from BSNL for deploying 18,685 4G community websites. Underneath the order, TCS was tasked with planning, engineering, provide, set up, testing, commissioning and annual upkeep of the websites.
The most recent order is a part of TCS’s broader function in BSNL’s indigenous 4G rollout. In Could 2023, TCS, in partnership with the federal government’s Centre for Improvement of Telematics (C-DOT), secured a Rs 15,000-crore contract from BSNL to deploy an end-to-end indigenous 4G community.
Tejas Networks share worth
Over the previous month, the inventory climbed 12.75%, comfortably outpacing its benchmark’s 1.68% acquire. Tejas Networks’ free-float market capitalisation stood at Rs 4,641.57 crore, whereas its face worth was Rs 10.
Tejas Networks Q1 outcomes
Tejas Networks’ Q1 FY27 efficiency confirmed sturdy income development however continued strain on profitability. Income rose 99.1% year-on-year to Rs 402.16 crore from Rs 201.98 crore a 12 months earlier. Nevertheless, the corporate reported a web lack of Rs 202.24 crore, in contrast with a lack of Rs 193.87 crore within the year-ago quarter. Its working EBITDA loss stood at Rs 91.39 crore.
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