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Business Standard
06-06-2025
- Business
- Business Standard
Tejas Networks shares gain 5% on receiving ₹123 crore under PLI scheme
Shares of Tejas Networks rose nearly 5 per cent in Friday's intraday session after the company received ₹122.96 crore from the Department of Telecommunications as the first tranche under the Production Linked Incentive (PLI) scheme. The telecom equipment and accessories maker's stock rose as much as 4.8 per cent during the day to ₹749.9 per share, the best intraday gains since May 16 per cent. The stock pared gains to trade 1.7 per cent higher at ₹727.3 apiece, compared to a 0.9 cent advance in Nifty50 as of 2:12 PM. The company's shares extended their rally for a third straight session, gaining 6 per cent over the past three trading days. The counter has fallen 38 per cent this year, compared to a 5.7 per cent advance in the benchmark Nifty50. Tejas Networks has a total market capitalisation of ₹12,837.97 crore, according to BSE data. Tejas Networks gets ₹123 crore under PLI Tejas Networks received ₹122.96 crore from the Ministry of Communications, Department of Telecommunications, under the PLI scheme for telecom and networking products. The amount, disbursed on June 4, 2025, represents the first tranche, 85 per cent of the eligible incentive, for the third quarter of the financial year 2024–25, the company said in an exchange filing on Thursday. The remaining amount will be released later as per the PLI Scheme guidelines, it added. Late last month, the compnay said that it has received an add-on Advance Purchase Order worth about ₹1,526 crore from BSNL for supply, deployment and maintenance of 4G mobile network at 18,685 sites. About Tejas Networks Tejas Networks is among the leading global providers of telecom equipment and solutions, specialising in the design, manufacturing, and sales of advanced networking products. With a strong focus on research and development, the company delivers cutting-edge technology for building end-to-end communication networks. The company's offerings span a broad spectrum, including wireless (4G/5G), optical transmission (DWDM, OTN), and packet switching (Ethernet, IP/MPLS), enabling robust infrastructure for various sectors. Catering to a diverse global customer base, Tejas Networks serves telecom service providers, utility companies, and government and defence organisations across more than 75 countries. A part of the Tata Group, the company is known for its innovation-driven approach, major intellectual property portfolio, and adherence to international standards.
Business Upturn
06-06-2025
- Business
- Business Upturn
Tejas Networks shares jump 4% after company receives Rs 123 crore under telecom PLI scheme
Tejas Networks shares rose over 4% in early trade on Thursday after the company announced it had received ₹123 crore from the Ministry of Communications under the Production Linked Incentive (PLI) Scheme for telecom and networking products. As of 9:18 AM, the shares were trading 4% higher at Rs 743.95. In a regulatory filing, Tejas Networks said the ₹123 crore is the first tranche of the PLI incentive for Q3 of FY25. This amount constitutes approximately 85% of the total eligible incentive for the quarter. The remaining amount will be disbursed later, in accordance with PLI scheme guidelines. Tejas Networks shares opened at ₹727.00 and, at the time of writing, touched a high of ₹749.95 during the trading session. The stock recorded a low of ₹726.60. Over the past 52 weeks, the share price has fluctuated between a low of ₹646.55 and a high of ₹1,495.00. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
30-05-2025
- Business
- Time of India
Tejas Networks CEO Anand Athreya quits
NEW DELHI: Homegrown telecom gear maker Tejas Networks Friday said its managing director and chief executive officer (CEO), Anand Athreya , has resigned from the company due to personal reasons. Athreya will be relieved from the position of MD & CEO effective close of business hours on June 20, 2025, Tejas Networks said in a regulatory filing. 'It has been my privilege to work at Tejas and I want to take this opportunity to thank you and the Board of Directors for their guidance and support. I also want to thank the Executive Team at Tejas for their leadership and the entire team at Tejas, for their warmth and "can do" attitude,' Athreya said in his resignation letter to N Ganapathy Subramaniam, chairman, Tejas Networks. Consequently, the Bengaluru-headquartered vendor has entrusted Arnob Roy , currently the executive director and chief operating officer (COO) of the company, with the additional responsibility of CEO, as per the regulatory filing. The development comes at a time when Bangalore-based Tejas, a part of the Tata Consultancy Services (TCS)-driven consortium, is deploying 4G and 5G radio access network or RAN for state-run Bharat Sanchar Nigam Limited (BSNL). Industry sources told ETTelecom that a few hiccups in BSNL's 4G network deployment, including IP Multimedia Subsystem (IMS) issues, led to his exit following a performance review by the telecom department (DoT). BSNL plans to deploy 1 lakh towers as part of its commercial 4G foray. Communications minister Jyotiraditya Scindia recently said that nearly 93,450 towers have been installed for the telecom carrier's 4G network. Athreya, who has over 27 years of experience, joined the homegrown vendor in 2023 from Juniper Networks. He was the executive vice president (EVP) & chief development officer of Juniper Networks since 2017 and had served as senior vice president of the Routing Business Unit for three years prior to that. He was with Juniper Networks from 2004 until November 2022.
Time of India
30-05-2025
- Business
- Time of India
Captive 5G, commercial 4G & cost efficiencies to drive BSNL's future revenues: Robert Ravi
NEW DELHI: State-run Bharat Sanchar Nigam Limited ( BSNL ) expects widespread availability of its commercial fourth-generation (4G) services and cost-efficiencies to drive top-line growth in the next few quarters, a top official said. 'We are undertaking several initiatives to improve cost efficiencies and reduce overheads. Additionally, our next-generation 4G services will see expanded coverage in the coming months. We are also exploring emerging business opportunities such as captive 5G networks for enterprises and leveraging advanced technologies for automation and digital transformation," BSNL CMD Robert J Ravi told ETTelecom. Further, Ravi said that these efforts together are expected to "significantly drive future revenues and strengthen BSNL's position" in the evolving telecom landscape. The public sector telecom operator clocked a net profit of ₹280 crore in Q4FY25, rising sequentially from ₹262 crore in Q3FY25. It cut down loss by 58% to ₹ 2,247-crore in FY 2025, from ₹ 5,370-crore in FY 2024. Commercial 4G network-based data services contributed nearly 6% of the telco's overall revenue in Q4FY25. Recently, the public sector telco, in partnership with a Mumbai-based startup Tidal Wave , deployed a captive 5G network for a few Coal India mines using the 2500 MHz spectrum band. The top official also said that the state-owned telecom carrier is also "looking at bundling affordable data plans together with smartphone offering", and is in talks with homegrown original device makers (ODM), as a part of its strategy. The telco is largely rolling out next generation networks on the 700 MHz frequency range with both top mobile chipset providers - MediaTek and Qualcomm - supporting the spectrum band. READ MORE | Homegrown Tidal Wave, BSNL deploy private 5G network in Coal India, eyes public sector business The telco is rolling out 4G services in partnership with Mumbai-based Tata Consultancy Services-led consortium that includes Tejas Networks and state-owned Centre for Development of Telematics (C-DoT). Tata Sons holds a majority of stake in Bengaluru-based Tejas Networks, which is providing radio access network (RAN) to the telco's ambitious 4G and 5G rollout initiative. Last week, BSNL awarded a Rs 2, 903.22-crore follow-on order to N Ganapathy Subramaniam-headed TCS for planning, engineering, supply, installation, testing, commissioning and annual maintenance of 18,685 4G network sites. BSNL, however, is expecting to increase its revenue by at least 10% once it deploys the next generation network nationwide. BSNL CMD Robert J Ravi talks on telco's 5G expansion, use cases
Time of India
26-05-2025
- Business
- Time of India
BSNL deploys 93,450 towers for commercial 4G foray: Jyotiraditya Scindia
NEW DELHI: State-controlled Bharat Sanchar Nigam Limited ( BSNL ) has deployed 93,450 towers for its commercial 4G foray using the indigenous telecom stack, union telecom minister Jyotiraditya Scindia said on Monday. 'We are at 93,450 towers that have been installed. Still, a long way to go, but we are on track,' Scindia said at the curtain raiser event of the India Mobile Congress (IMC) 2025, which will be held in the national capital this year between October 8 and October 11. The union minister informed that the Ministry of Communications earlier in the day took stock of BSNL's 4G deployment nationwide. The Centre has been bullish about BSNL's transition from 3G to 4G using 'Atmanirbhar' (self-reliant), domestically developed equipment. 'We have C-DoT as a public sector firm, BSNL as a government company, Tejas Networks as a private sector company, and Tata Consultancy Services (TCS) as a system integrator. All four came together, and in 22 months, produced the first domestic stack,' Scindia said, adding that India has become the fifth country globally to have its indigenous telecom stack. China (Huawei and ZTE), Finland (Nokia), Sweden (Ericsson), and South Korea (Samsung) are the other four countries that have their homegrown telecom stack. A TCS-led consortium that comprises the Centre for Development of Telematics (C-DoT) and Tejas Networks, along with ITI Limited, is deploying 1 lakh 4G sites for the public sector telecom carrier under a nearly ₹19,000-crore deal. The Tata group IT firm recently won a new advance purchase order (APO) worth ₹2,903.22 crore from BSNL for planning, engineering, supply, installation, testing, commissioning and annual maintenance of 4G mobile network at 18,685 sites. Tejas' share in the APO deal is valued at approximately ₹1,525.53 crores (exclusive of taxes). Scindia said that the country should develop capabilities to provide services in the domestic market, and also drive indigenous production. 'We have to ensure that India becomes a hub for designing. So you have designing, solving and scaling from India,' the union minister said, adding that the Bharat 6G Alliance is driving public-private sector connect for sixth-generation (6G) development. The International Telecommunication Union (ITU) will organise its next World Radio Communications (WRC) conference in 2027 to deliberate and decide on airwaves and related modalities for the 6G technology. 'It is from now till then that our entrepreneurs, our companies, our innovators, across the board, must aspire to ensure that India leads that technology way in the days to come,' Scindia said. The union minister also launched the 'Sanchar Mitra Scheme', which aims to empower a wider youth network to act as digital ambassadors, further strengthening the connection between the telecom ecosystem and the citizens. In addition to public awareness efforts, the scheme will also provide student volunteers exposure to emerging telecom technologies and DoT initiatives, fostering job-readiness and research interest in the sector. Neeraj Mittal, secretary, Department of Telecommunications (DoT), said while India was a laggard in 4G, it went stride-for-stride with the world in the 5G-era, and will lead globally in 6G deployments. 'I think that is the promise and dream which all of us would like to see fulfilled,' he added. Abhijit Kishore, chairman of the Cellular Operators Association of India & chief operating officer (COO), Vodafone Idea (Vi), said, 'The task for us at COAI and industry is to connect the dots on how to showcase the collective potential of the industry and become a playground for all in the world to converge and leverage technology and put it to larger use of citizens and end customers.' Organised by the telecom department and COAI, this year's IMC is expected to attract over 1.5 lakh visitors from over 150 countries, and more than 7,000 global delegates. It will include use case demonstrations across 5G, 6G, AI, IoT, electronics manufacturing, and green technology domains.
