+
Tejas Networks Spurts After Rs 1,537 Crore Bharat Sanchar Nigam 4G Order
Equipment

Tejas Networks Spurts After Rs 1,537 Crore Bharat Sanchar Nigam 4G Order

Shares of Tejas Networks jumped eight point four nine per cent to Rs 554.20 after the company said it had received a letter of intent from Tata Consultancy Services for the supply of equipment for Bharat Sanchar Nigam Limited's 4G mobile network. The LoI, dated 27 August 2026, covers the supply of radio access network equipment, accessories and installation materials for 18,685 sites. The order is valued at Rs 1,537 crore (Rs 15.37 bn) and the company said TCS would issue a detailed purchase order in due course.

The LoI includes radios, antennas, transmission equipment and installation components required to commission and integrate the sites, and the supplier involvement covers logistics and handover processes. TCS will manage procurement formalities and finalise timelines with the supplier before issuing the purchase order. The deployment for the specified sites will support nationwide 4G rollouts.

Tejas Networks is a telecommunications equipment and solutions provider that designs and manufactures products for broadband, optical, wireless and other telecom networks. The company is part of the Tata Group, with Panatone Finvest, a subsidiary of Tata Sons, as the majority shareholder. Market participants linked the stock movement to the contract award and the expansion of the company's service backlog.

On the financial front, the company reported a consolidated net loss of Rs 202.24 crore (Rs two point zero two bn) in the first quarter of fiscal 2027, against a net loss of Rs 193.87 crore (Rs 1.94 bn) in the corresponding period a year earlier. Total revenue from operations rose 99.10 per cent to Rs 402.16 crore (Rs 4.02 bn) in the quarter as against Rs 201.98 crore (Rs 2.02 bn) previously. The order book stood at Rs 1,529 crore (Rs 15.29 bn) at the end of the quarter and net debt was Rs 4,277 crore (Rs 42.77 bn), comprising gross debt of Rs 4,866 crore (Rs 48.66 bn) and cash of Rs 589 crore (Rs 5.89 bn).

Shares of Tejas Networks jumped eight point four nine per cent to Rs 554.20 after the company said it had received a letter of intent from Tata Consultancy Services for the supply of equipment for Bharat Sanchar Nigam Limited's 4G mobile network. The LoI, dated 27 August 2026, covers the supply of radio access network equipment, accessories and installation materials for 18,685 sites. The order is valued at Rs 1,537 crore (Rs 15.37 bn) and the company said TCS would issue a detailed purchase order in due course. The LoI includes radios, antennas, transmission equipment and installation components required to commission and integrate the sites, and the supplier involvement covers logistics and handover processes. TCS will manage procurement formalities and finalise timelines with the supplier before issuing the purchase order. The deployment for the specified sites will support nationwide 4G rollouts. Tejas Networks is a telecommunications equipment and solutions provider that designs and manufactures products for broadband, optical, wireless and other telecom networks. The company is part of the Tata Group, with Panatone Finvest, a subsidiary of Tata Sons, as the majority shareholder. Market participants linked the stock movement to the contract award and the expansion of the company's service backlog. On the financial front, the company reported a consolidated net loss of Rs 202.24 crore (Rs two point zero two bn) in the first quarter of fiscal 2027, against a net loss of Rs 193.87 crore (Rs 1.94 bn) in the corresponding period a year earlier. Total revenue from operations rose 99.10 per cent to Rs 402.16 crore (Rs 4.02 bn) in the quarter as against Rs 201.98 crore (Rs 2.02 bn) previously. The order book stood at Rs 1,529 crore (Rs 15.29 bn) at the end of the quarter and net debt was Rs 4,277 crore (Rs 42.77 bn), comprising gross debt of Rs 4,866 crore (Rs 48.66 bn) and cash of Rs 589 crore (Rs 5.89 bn).

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Alternative Fuels Overtake Petrol As August Retail Peaks

The Indian automobile industry recorded its best-ever August retail as alternative fuels such as compressed natural gas, hybrid and electric vehicles combined overtook petrol in the passenger vehicle segment for the first time. The shift coincided with oil price rises linked to the war in the Middle East and a cooled public response to higher ethanol content in petrol. Dealers attributed stronger demand to lower running costs and concerns over the E20 petrol transition. Data released by the Federation of Automobile Dealers Associations (FADA) showed total vehicle retail registrations in August..

Next Story
Infrastructure Urban

Singapore Minister Defends SIA Investment In Air India

Singapore government defended Singapore Airlines' investment in Air India after two weeks of public scrutiny over a funding request, saying the flag carrier must expand overseas and that outcomes are for the company and its shareholders to judge. The remarks in parliament followed reports that Air India had sought about US$1.5 billion (US$1.5 bn) of fresh equity from owners Tata Sons and Singapore Airlines. The issue drew attention because Singapore Airlines is majority-owned by Temasek and raised questions about Temasek's role. Officials framed the matter as a commercial decision rather than ..

Next Story
Infrastructure Transport

IndiGo To Begin Guwahati Bangkok Flights

IndiGo will launch non-stop flights between Guwahati and Bangkok from 27 October 2026, marking the carrier's first international operations from the city. A special inaugural service will operate on 27 October, with regular twice a week flights scheduled from 31 October on Wednesdays and Saturdays, subject to regulatory approvals. The new link will provide direct connectivity between Northeast India and Thailand and expand the airline's India–Thailand network. The inaugural Bangkok to Guwahati sector, flight 6E1086, is scheduled to depart Bangkok at 8:50 am and arrive in Guwahati at 10:25 am..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code