Tejas Networks shines on getting Rs 298 crore optical network contract

Tejas Networks is currently trading at Rs. 475.65, up by 6.85 points or 1.46% from its previous closing of Rs. 468.80 on the BSE.

The scrip opened at Rs. 475.00 and has touched a high and low of Rs. 483.80 and Rs. 472.85 respectively. So far 10852 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 578.45 on 11-Apr-2022 and a 52 week low of Rs. 258.30 on 30-Jul-2021.

Tejas Networks
Tejas Networks

Last one week high and low of the scrip stood at Rs. 487.75 and Rs. 459.05 respectively. The current market cap of the company is Rs. 7199.40 crore.

The promoters holding in the company stood at 52.40%, while Institutions and Non-Institutions held 14.32% and 33.27% respectively.

Tejas Networks has been awarded a contract worth Rs 298 crore for the supply, installation, commissioning and support of its state-of-the-art optical networking equipment, for the augmentation of Power Grid Corporation of India’s (PGCIL) pan-India telecom backbone and access networks.

As part of this contract, Tejas will deploy a wide range of its versatile family of products including TJ1600 multi-terabit OTN cross-connects and 100G/200G DWDM systems with advanced Flex-grid ROADM functionality, TJ1400P series of MPLSTP/Carrier Ethernet switches, along with TejNMS, its universal, multi-technology network management system to create a scalable and high-capacity network for PGCIL.

Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities.

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