Tejas Networks rises on getting Rs 122.95 crore under PLI scheme
Tejas Networks is currently trading at Rs. 728.40, up by 12.80 points or 1.79% from its previous closing of Rs. 715.60 on the BSE.
The scrip opened at Rs. 728.95 and has touched a high and low of Rs. 750.00 and Rs. 724.70 respectively. So far 217768 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. 750.00 and Rs. 698.05 respectively. The current market cap of the company is Rs. 12911.83 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 received an amount of Rs 122.95 crore from the Ministry of Communications, Department of Telecommunications, New Delhi under the Production Linked Incentive (PLI) scheme for Telecom and Networking Products. The said amount is the first tranche, amounting to 85% of the eligible incentive for Q3 of FY 2024-2025 and the balance amount is expected to be released subsequently in accordance with the Production Linked Incentive Scheme Guidelines.
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.
