Tejas Networks Shares Rise 10% on ₹1,537-Crore TCS Order

Tejas Networks shares surged nearly 10% in morning trade on Friday after the company received a ₹1,537-crore Letter of Intent (LoI) from Tata Consultancy Services (TCS) for equipment required for BSNL's 4G network expansion. The stock rose 9.88% to ₹561.30, marking its strongest single-session gain in 16 weeks.

The LoI covers radio access network (RAN) equipment, accessories, and installation materials for 18,685 BSNL sites. A detailed purchase order is expected to be issued by TCS subsequently. This order is significant for Tejas Networks as it exceeds the company's entire order book at the end of the June quarter.

Tejas Networks had an order backlog of ₹1,529 crore as of June, making the new ₹1,537-crore order a major addition to its pending business. The order is connected to BSNL's planned 4G network expansion. TCS had received an additional advance purchase order worth ₹2,903 crore from BSNL in May 2025 for work covering planning, engineering, equipment supply, installation, testing, commissioning, and maintenance across the 18,685 sites.

Tejas Networks had previously indicated that its share of this project could be worth around ₹1,526 crore. The latest LoI therefore formalises the anticipated order. The company has played a key role in BSNL's indigenous 4G deployment, supplying RAN equipment and radio infrastructure.

Tejas Networks had earlier secured a ₹7,492-crore order for equipment covering roughly 100,000 BSNL sites. The new order comes as the company seeks to rebuild revenue after much of the initial rollout was completed. Its June-quarter revenue nearly doubled year-on-year to ₹402 crore, although its net loss widened to ₹202 crore from ₹194 crore.

The company ended the quarter with gross debt of ₹4,866 crore, cash of ₹589 crore, and net debt of ₹4,277 crore. The latest order is expected to help Tejas Networks rebuild its revenue and reduce its debt.

The order is also significant for BSNL's 4G network expansion plans. The state-owned telecom operator has been working to expand its 4G network across the country. The new order will help BSNL achieve its goal of providing high-speed internet services to its customers.

In conclusion, the ₹1,537-crore order from TCS is a major boost for Tejas Networks. The order exceeds the company's existing order book and will help it rebuild revenue and reduce debt. The order is also significant for BSNL's 4G network expansion plans and will help the telecom operator achieve its goal of providing high-speed internet services to its customers.

The development is expected to have a positive impact on the Indian telecom industry, which has been witnessing significant growth in recent years. The expansion of 4G networks across the country will help increase internet penetration and provide high-speed internet services to millions of Indians.

Overall, the order is a significant development for Tejas Networks and BSNL, and is expected to have a positive impact on the Indian telecom industry.