Tejas Networks Ltd Share Price – NSE  / BSE

Telecomm Equipment & Infra Services, Small Cap

Tejas Networks has allotted 29,212 equity shares under ESOP on 24 December 2024. Consequent to the allotment made on December 24, 2024, the Paid-up Share Capital of the Company stands increased to Rs 1,75,70,69,990 /- divided into 17,57,06,999 equity shares of Rs 10/- each.

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Tejas Networks has entered into a three - year contract with Vodafone Idea (VIL) to supply its industry-leading TJ1400 and TJ1600 packet and optical transmission products to augment Vodafone Idea's backhaul capacity and boost network performance across multiple telecom circles in the country. 

Jagbir Singh, CTO Vodafone Idea said “As VIL accelerates its pan-India 4G and 5G rollouts, it is critical to upgrade our backhaul network to be scalable, robust and future-ready to efficiently manage the expected growth in data traffic and rising bandwidth demands. We are pleased to welcome Tejas Networks as our wireline network partner in this journey towards VIL 2.0. Their state-of-the-art PTN and OTN products will play a key role in delivering a superior service experience for our customers.”

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Tejas Networks Ltd gained 3.66% today to trade at Rs 1390. The BSE Telecommunication index is up 0.86% to quote at 2952.78. The index is up 3.19 % over last one month. Among the other constituents of the index, Indus Towers Ltd increased 1.53% and Tata Teleservices (Maharashtra) Ltd added 1.49% on the day. The BSE Telecommunication index went up 38.29 % over last one year compared to the 16.46% surge in benchmark SENSEX.

Tejas Networks Ltd has added 6.25% over last one month compared to 3.19% gain in BSE Telecommunication index and 2.07% rise in the SENSEX. On the BSE, 14023 shares were traded in the counter so far compared with average daily volumes of 1.07 lakh shares in the past one month. The stock hit a record high of Rs 1495.1 on 27 Jun 2024. The stock hit a 52-week low of Rs 652.05 on 28 Mar 2024.

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Tejas Networks announced that the company will be supplying its industry-leading GPON OLT, ONT and Management System forthe state-led BharatNet Last Mile Connectivity (LMC) project in Tamil Nadu. The project is being implemented by TANFINET (Tamil Nadu FibreNet Corporation), a Special Purpose Vehicle (SPV) set up by the Government of Tamil Nadu with Polycab India (PIL) as the Master System Integrator.

The BharatNet LMC project seeks to extend affordable high-speed connectivity to around 50,000 Government institutions, Public Health Centres and Schools from the nearest BharatNet site at Gram Panchayat/Block/District levels. Further, the LMC infrastructure will also be leveraged to provide FTTH (Fiber to the Home) service to rural households in Tamil Nadu through partnerships with local cable operators and telecom service providers.

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