Tejas Networks

Tata Sons' unit Tejas Network will manufacture the equipment locally for BSNL

Tata Group firm Tejas Networks will invest over Rs 750 crore under design-led Production Linked Incentive (PLI) scheme for manufacturing of telecom and networking products, the company said on Tuesday. Tejas Networks is one of the 42 companies selected for the scheme. "In its application, the company has committed to make a minimum cumulative capital investment of Rs 750 crore over the scheme period," Tejas said in a regulatory filing. On Monday, the Department of Telecom granted approval to 42 companies, including 28 MSMEs, under the scheme for telecom and networking products, entailing total committed investment of Rs 4,115 crore by the firms. Out of them, 17 companies have applied for additional incentive of 1 per cent under the design-led manufacturing criteria.

The scheme is crucial to strengthen the value chain of multiple verticals of 5G equipment. For these, India mainly depends on imports

The official said Tata's recently acquired subsidiaries Tejas Network and Saankhya Labs would also participate in producing necessary equipment as per the deal

Post 5G spectrum auctions, we expect to see a multi-year capex spend cycle for building both wireline and wireless infrastructure

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The company had posted a profit of Rs 33.55 crore in the period a year ago.

Atmanirbhar Bharat Abhiyan of the Government is aimed at limiting import dependence and increasing demand for indigenous products, providing better growth opportunities for the company.

The company has signed definitive agreement to acquire 64.4 per cent stake of Saankhya Labs Private Ltd for Rs 283.94 crore in cash

Nelco was locked in the upper circuit at Rs 637.10 and Tejas Networks was frozen at Rs 384.90 on the BSE.

Tata Group firms on Friday made open offer to acquire upto 26 per cent stake in domestic telecom gear firm Tejas Networks for around Rs 1,038 crore

Tejas Networks, on September 23, announced that it has been selected by Bharti Airtel to enhance the company's optical network capacity in key metropolitan markets

The shares were bought at an average price of Rs 258, aggregating the transaction size to Rs 193.5 crore

Tejas Networks said Panatone and some other companies of the Tata Group would make a public announcement to acquire up to 40.3 million equity shares of Tejas Networks

Panatone Finvest Limited, a subsidiary of Tata Sons, will buy a 43.3 per cent stake in the telecom related services firm for Rs 1,850 crore

The PLI scheme for telecom gear will lead to an incremental production of around Rs 2.4 trillion, with exports of around Rs 2 trillion in the next five years

The company has received a purchase order of $13 million from a leading telecommunications service provider in South East Asia

Tejas Networks said it has bagged an order worth $13 million from a telecommunications service provider in South East Asia for supply and installation of its broadband products

The company said it has bagged orders for Indian Defence Network Project from L&T Construction.