Tejas Networks Secures Rs 123 Crore Under PLI Scheme, Stock Surges
Tejas Networks has received Rs 123 crore from the Ministry of Communication as the first tranche of incentives under the Production-Linked Incentive (PLI) scheme for telecom and networking products. This amount represents 85% of the eligible incentive for Q3 FY2025. The news positively impacted the company's stock, with shares closing 4.88% higher at Rs 749.95. The incentive is expected to strengthen Tejas Networks' position in the telecom equipment manufacturing sector, potentially leading to increased R&D investment, manufacturing expansion, and enhanced market competitiveness.
05Jun 25
Tejas Networks Secures Rs 123 Crore PLI Incentive from Government
Tejas Networks Ltd. has been awarded Rs 123 crore as the first tranche of incentives under the Indian government's Production Linked Incentive (PLI) Scheme for telecom and networking products. This amount represents 85% of the eligible incentive, with the remaining 15% expected to be released later. The incentive, disbursed by the Ministry of Communications, is likely to provide a financial boost to the company, validate its manufacturing efforts, and potentially enhance its competitive position in the telecom sector.
Tejas Networks and Intel Collaborate to Revolutionize Educational Content Delivery with D2M Technology
Tejas Networks and Intel are collaborating to integrate Direct-to-Mobile (D2M) capability into laptops, aiming to transform India's educational landscape. This technology will enable the delivery of educational content across India, even in areas with limited internet connectivity, using terrestrial TV broadcast airwaves. The integration features multicast architecture, connectivity-independent access, AI-powered enhancements, and cost-effective scalability. This initiative aligns with India's National Education Policy 2020 and the vision for a 'Viksit Bharat' by 2047.
28Apr 25
Tejas Networks Reports Q4FY25 Net Loss, Stock Plunges 15%
Tejas Networks, an Indian telecommunications equipment company, released its Q4 FY2025 financial results. Revenue increased by 43.71% year-over-year to ₹1906.90 crore. However, the company reported a net loss of ₹71.80 crore, compared to a profit of ₹146.80 crore in the same quarter last year. The loss is attributed to increased R&D investments and one-time charges. Following the announcement, the company's stock price dropped by over 15%.
25Apr 25
Tejas Networks Reports Strong Growth and Expands Domestic Opportunities
Tejas Networks achieved significant financial growth in FY25, with net revenue increasing 3.6x year-over-year to INR 8,923.00 crore. The company completed equipment supplies for 100,000 sites in BSNL's 4G/5G network and signed a technology collaboration agreement with NEC. Tejas secured key wins for their products in various sectors and expanded their global sales footprint. The Board recommended a 25% dividend, and the company received PLI incentives. Management changes include the appointment of a new Company Secretary and Compliance Officer. Tejas Networks expressed optimism about future growth prospects in both domestic and international markets.
25Apr 25
Tejas Networks Reports Q4 Loss Despite Revenue Growth, Announces Dividend
Tejas Networks reported Q4 FY25 results with revenue increasing 43.70% YoY to ₹1,906.90 crore, but incurred a net loss of ₹71.80 crore. The company completed equipment supplies for BSNL's 4G/5G network, signed a technology agreement with NEC, and expanded its global sales footprint. The board recommended a 25% dividend. Management changes include the retirement of N R Ravikrishnan and appointment of Anantha Murthy N as Company Secretary. The order book stands at ₹1,019.00 crore, with ₹915.00 crore from India and ₹104.00 crore from international markets.
31Mar 25
Tejas Networks Secures Rs 189 Crore Under PLI Scheme for Telecom
Tejas Networks has been awarded Rs 189.17 crore from the Ministry of Communications under the Production Linked Incentive (PLI) scheme for telecom and networking products. This amount represents 85% of the incentive allocated for the first two quarters of fiscal year 2025. The payout is expected to strengthen the company's financial position, validate its domestic manufacturing efforts, and potentially provide a competitive advantage in the telecom sector.
17Mar 25
Tejas Networks Secures Rs 123.45 Crore PLI Incentive from Indian Government
Tejas Networks has been awarded Rs 123.45 crore as an incentive under the Production Linked Incentive (PLI) Scheme for Telecom and Networking Products for FY 2023-24. The incentive, disbursed by the Ministry of Communications, aims to promote domestic manufacturing in the telecom sector. This financial boost validates Tejas Networks' manufacturing capabilities and aligns with the government's 'Make in India' initiative, potentially enhancing the company's competitive position in the telecom equipment market.
Tejas Networks, majority-owned by Tata Group's Panatone Finvest, received a ₹123.45 crore incentive under the PLI Scheme for Telecom and Networking Products for FY 2023-24. The company's Q2 FY2025 consolidated revenue increased six-fold to ₹2,811 crore, with 93% coming from India's private sector. This growth highlights Tejas Networks' strong market position in the expanding telecom infrastructure sector.
13Mar 25
Tejas Networks Secures ₹123.45 Crore PLI Incentive from Department of Telecommunications
Tejas Networks Limited has been awarded ₹123.45 crore under the Production Linked Incentive (PLI) Scheme for Telecom and Networking Products for the fiscal year 2023-24. The incentive, received from the Ministry of Communications, Department of Telecommunications, Government of India, was confirmed through a regulatory filing on March 13, 2025. This financial boost is expected to positively impact the company's performance and strengthen its position in the telecom manufacturing sector.
06Mar 25
Tejas Networks Secures 5G Technology Supply from NEC, Boosting Asian Expansion
Tejas Networks, a Tata Group unit, has signed a significant agreement with Japanese tech giant NEC for the supply of 5G technology. This partnership is part of NEC's broader strategy to expand its 5G market presence across Asia. The deal is expected to enhance Tejas Networks' technological capabilities, strengthen its market position in the 5G landscape, and align with Tata Group's focus on advanced technologies. While financial terms were not disclosed, this collaboration is anticipated to play a crucial role in Tejas Networks' future growth strategy and its competitiveness in both domestic and international markets.
05Mar 25
Tejas Networks Secures 5G Technology Supply from Japan's NEC
Tejas Networks, a Tata Group company, has signed an agreement with NEC Corporation for 5G technology supply. This partnership aims to enhance Tejas Networks' 5G capabilities and potentially accelerate 5G rollout in India. NEC is also supplying 5G technology to companies in Taiwan, expanding its footprint in the Asian 5G market.