Shares of Tejas Networks Ltd soared 2% on 11 December after the company announced that it had acquired IP routing equipment procurement contracts for 7 of the 12 BharatNet Phase-III packages granted thus far, making it the leading provider in terms of package wins.

BharatNet is a flagship Government of India initiative aiming at improving rural connectivity and closing the digital divide between urban and rural areas. Phase III focuses on developing a strong, dependable, and scalable middle-mile network using IP-MPLS technology to provide high-quality broadband to all rural residents.

Sanjay Malik, chief strategy and business officer of Tejas Networks, said, “We are delighted to maintain our track record of being a leading telecom equipment partner for BharatNet deployments, as in the previous phases of this prestigious program. It is a reflection of our growing stature as a world-class telecom OEM (original equipment manufacturer) with highly differentiated, next-generation products that meet global quality and performance standards.”

Tejas will deliver its TJ1400 family of next-generation access and aggregation routers, which were conceived, developed, and widely deployed in mission-critical networks. 

Under BharatNet Phase III, these routers would be placed in nine states (Bihar, Goa, Karnataka, Kerala, Madhya Pradesh, Uttarakhand, Arunachal Pradesh, Nagaland, and Manipur) and five union territories. More than 50,000 TJ1400 routers will be deployed in 57,000 Gram Panchayats and 2,000 Blocks.

Tejas is working on this phase with five primary project implementation agencies: NCC, Polycab, Invenia-STL Networks, GR Infraprojects, and ITI.

Tejas Networks Ltd. designs and manufactures high-performance wireline and wireless networking equipment for telecommunications, internet, utility, defence, and government organisations in more than 75 countries. The company is part of the Tata Group, with Panatone Finvest Ltd. (a Tata Sons Pvt. Ltd. subsidiary) holding the majority stake.

At 1:30 pm, the shares of Tejas Networks were trading 0.82% higher at Rs 465.40 on NSE. 

Discover the next big investment! Unicorn Signals’ IPO screener helps you identify promising initial public offerings. Download Unicorn Signals and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!