Tejas Networks Shares Rises on Major ₹1,525 Crore BSNL 4G Deal

Tata Group-backed company Tejas Networks announced a significant order win which led to a share rise up to 5% in Wednesday’s trading session, May 21, marking a session high of ₹759.50. The company revealed to the investors that under the contract between Tata Consultancy Services Limited (TCS) and Tejas Networks for the supply of goods and/or services for the BSNL 4G project. BSNL has issued an additional Advance Purchase Order for its 4G project, which includes the supply, deployment, and maintenance of 4G mobile network infrastructure across 18,685 sites. This order is part of the broader effort to establish robust networks for the delivery of goods and services related to the project.

According to the reports, the value of supplies for the Radio Access Network (RAN) and other equipment to TCS from Tejas for this deployment is expected to be approximately ₹1,525.53 crore (exclusive of taxes).

The company earlier announced that it had completed the supply of telecom equipment to BSNL for the rollout of one lakh 4G and 5G sites, as part of the contract awarded in August 2023.Tejas Networks secured the ₹7,492-crore deal following comprehensive trials conducted as part of a consortium led by Tata Consultancy Services (TCS)."

As per the reports, BSNL network is expected to launch 4G in June and later plans to upgrade the infrastructure to 5G services after the stabilization of 4G operations. Tejas Networks' shares experienced a significant drop of 19% between mid-April and early May, following the release of disappointing financial results for the March-ended quarter. Despite a 44% year-on-year rise in operational revenue to ₹1,907 crore, the company reported a consolidated net loss of ₹72 crore. For the full year ended March 31, 2025, Tejas Networks reported a multifold jump in consolidated profit to ₹446.53 crore and more than a threefold rise in revenue from operations to ₹8,923 crore.

During the quarter, Tejas Networks signed a strategic technology collaboration agreement with Japan’s NEC Corporation to jointly develop advanced wireless technologies—including Radio Access Network (RAN), Core, and EPC systems—and to implement a shared go-to-market strategy.

Additionally, in December, the company secured a three-year contract with Vodafone Idea Ltd (VIL) to supply telecom equipment aimed at enhancing backend network capacity across multiple circles.According to Chief Operating Officer Arnob Roy, the company has successfully completed the shipment and implementation of the Phase 1 order for this project.

About Tejas Networks

Tejas Networks, a member of the Tata Group, is majority-owned by Panatone Finvest, a subsidiary of Tata Sons. The company specializes in designing and manufacturing high-performance wireline and wireless networking solutions for telecom operators, internet service providers, utilities, defense, and government organizations across more than 75 countries.