In a significant development, Tejas Networks Limited has received confirmation from Tata Consultancy Services (TCS) regarding an add-on Advance Purchase Order from Bharat Sanchar Nigam Limited (BSNL). This order is part of BSNL’s ongoing 4G deployment project across India.
This agreement stems from the broader Master Contract between TCS and Tejas Networks, originally outlined in August 2023. Under this arrangement, Tejas will play a pivotal role by supplying equipment for the Radio Access Network (RAN) and other critical hardware.
The value of this new order for Tejas Networks stands at approximately ₹1,525.53 crore, excluding taxes. The scope includes supply, deployment, and maintenance of 4G mobile network equipment at 18,685 sites. While TCS has issued the add-on Advance Purchase Order to BSNL, detailed purchase orders will be shared with Tejas Networks in due course, pending fulfilment of necessary documentation and pre-conditions.
Although the immediate announcement highlights the financial scale of the deal, execution will follow once specific conditions are met. This disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for shareholders and stakeholders.
Read More: Tejas Networks Powers BSNL’s 4G/5G Rollout with ₹7,492-Crore Project Completion.
As of 11:35 AM on the date of the announcement (May 21, 2025), the share price of Tejas Networks jumped over 2%.
Tejas Networks Ltd. designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas Networks Ltd. is a part of the Tata Group, with Panatone Finvest Ltd. (a subsidiary of Tata Sons Pvt. Ltd.) being the majority shareholder.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: May 21, 2025, 2:07 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates