Tejas Networks gains 6% on Rs 696-crore supply order from BSNL

Tejas Networks` percentage fee received 6 percentage on Monday following the agency's receipt of an strengthen buy order really well worth Rs 696 crore from Bharat Sanchar Nigam Limited (BSNL).

This is the single-biggest order the agency has obtained to date, and could contain supply, set up and commissioning of over 13,000 of its TJ1400 collection of subsequent-technology get right of entry to and aggregation routers for the upgradation of BSNL's pan-India IP-MPLS-primarily based totally Access and Aggregation Network (MAAN). The agreement is predicted to be finished in the subsequent 18 months.

Tejas etworks designs and manufactures high-overall performance wireline and wi-fi networking merchandise for numerous entities globally. According to Sanjay Nayak, Managing Director and CEO, Tejas Networks, the partnership with BSNL will create a unified, flexible, and scalable IP/MPLS community in an effort to cater to the developing records site visitors from BSNL's variety of services.

This may even offer the agency with an possibility to set up their service routing merchandise at scale and set up their world-magnificence talents withinside the routing era area.

The agency lately additionally introduced a management change, with Anand Athreya taking up because the CEO and MD designate from April three.

In Q3FY23, Tejas Networks said a consolidated internet lack of Rs 10.88 crore as in opposition to a lack of Rs 24.30 crore in Q3FY22, at the same time as its sales from operations extended 156.four percentage to Rs 274.fifty five crore. EBITDA for the sector stood at Rs 8.01 crore in Q3FY23 as in opposition to an EBITDA lack of Rs 28.three crore withinside the corresponding duration of the final fiscal.

The percentage fee of Tejas Network has received round 30 percentage over the past year, even though it has declined with the aid of using eleven percentage withinside the final six months.

At 10.26am, the scrip became buying and selling 5.eleven percentage better at the NSE at Rs 610.45, at the same time as the benchmark nifty became up 0.060 percentage at 17,370.10 points.