Tejas Networks jumps on completing supply of telecom equipment to BSNL
Tejas Networks is currently trading at Rs. 713.15, up by 19.95 points or 2.88% from its previous closing of Rs. 693.20 on the BSE.
The scrip opened at Rs. 693.70 and has touched a high and low of Rs. 740.00 and Rs. 693.70 respectively. So far 1141533 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1495.10 on 27-Jun-2024 and a 52 week low of Rs. 647.00 on 17-Mar-2025.
Last one week high and low of the scrip stood at Rs. 744.60 and Rs. 686.45 respectively. The current market cap of the company is Rs. 12633.50 crore.
The promoters holding in the company stood at 53.83%, while Institutions and Non-Institutions held 11.94% and 34.23% respectively.
Tejas Networks has completed the supply of telecom equipment to BSNL to set up 1 lakh sites for 4G and 5G services under the deal awarded in August 2023. This is one of the largest single-vendor RAN networks in the world ever delivered in record time. The company is in advanced talks for a follow-up contract with BSNL and is looking for a tender for train security project Rail Kavach.
BSNL is expected to launch its 4G services in June -- about nine years after private operators rolled out their services. The BSNL network is planned to be upgraded to 5G services after stabilisation of 4G services.
Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities.
