Mumbai, Sept. 2 -- Shares of Tejas Networks jumped eight point four nine per cent to Rs 554.20 after the company said it had received a letter of intent from Tata Consultancy Services for the supply of equipment for Bharat Sanchar Nigam Limited's 4G mobile network. The LoI, dated 27 August 2026, covers the supply of radio access network equipment, accessories and installation materials for 18,685 sites. The order is valued at Rs 1,537 crore (Rs 15.37 bn) and the company said TCS would issue a detailed purchase order in due course.
The LoI includes radios, antennas, transmission equipment and installation components required to commission and integrate the sites, and the supplier involvement covers logistics and handover processes. TCS will manage procurement formalities and finalise timelines with the supplier before issuing the purchase order. The deployment for the specified sites will support nationwide 4G rollouts.
Tejas Networks is a telecommunications equipment and solutions provider that designs and manufactures products for broadband, optical, wireless and other telecom networks. The company is part of the Tata Group, with Panatone Finvest, a subsidiary of Tata Sons, as the majority shareholder. Market participants linked the stock movement to the contract award and the expansion of the company's service backlog.
On the financial front, the company reported a consolidated net loss of Rs 202.24 crore (Rs two point zero two bn) in the first quarter of fiscal 2027, against a net loss of Rs 193.87 crore (Rs 1.94 bn) in the corresponding period a year earlier. Total revenue from operations rose 99.10 per cent to Rs 402.16 crore (Rs 4.02 bn) in the quarter as against Rs 201.98 crore (Rs 2.02 bn) previously. The order book stood at Rs 1,529 crore (Rs 15.29 bn) at the end of the quarter and net debt was Rs 4,277 crore (Rs 42.77 bn), comprising gross debt of Rs 4,866 crore (Rs 48.66 bn) and cash of Rs 589 crore (Rs 5.89 bn).
Published by HT Digital Content Services with permission from Construction World.