Tejas Networks bags Rs298 crore optical network contract from Power Grid Corporation; stock climbs ~2%

1 Aug 2022 , 09:52 AM

Tejas Networks Limited announced that it received a contract worth Rs298 crore for the supply, installation, commissioning, and support of its state-of-the-art optical networking equipment, to augment PGCIL’s pan-India telecom backbone and access networks.

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

“We are thrilled to be selected by PGCIL for the expansion of their nationwide backbone and access network, which further strengthens our position as a leading trusted telecom equipment provider for the most crucial infrastructure segment,” commented Sanjay Nayak, Managing Director and CEO of Tejas Networks.

At around 9.56 AM, Tejas Networks was trading at Rs476.05 up by Rs7.25 or 1.55% from its previous closing of Rs468.80 on the BSE. The scrip opened at Rs475 and hit intraday high and low of Rs483.80 and Rs475 respectively.