Shares of Tejas Networks will be in focus after the telecom equipment maker on Thursday, August 27, said it has received a Letter of Intent from Tata Consultancy Services for the supply of radio access network equipment, accessories and installation materials for BSNL’s 4G network.
The order, valued at ₹1,537 crore, covers 18,685 sites. Tejas Networks said the detailed purchase order will be issued by TCS in due course. The fresh order comes as the company looks to build on its BSNL-led domestic business. At the end of Q1 FY27, Tejas Networks had an order book of ₹1,529 crore, with India accounting for 93% of the total and international markets contributing the remaining 7%.
The company had also said in its investor presentation that it was awaiting an expansion order for 26,000 additional 4G sites using its RAN products on BSNL’s pan-India network, following the LoI already received. Tejas Networks reported a consolidated net loss of ₹202 crore in Q1 FY27, compared with a loss of ₹194 crore in the year-ago quarter.
However, revenue nearly doubled, rising 99% year-on-year to ₹402 crore from ₹202 crore. At the operating level, EBITDA loss narrowed to ₹100 crore from ₹136 crore a year earlier. The company’s net debt stood at ₹4,277 crore, while gross debt was ₹4,866 crore.
Tejas Networks shares closed at ₹511.15 on the NSE on Thursday, up 1.21%. The stock has gained 13% so far this year, while it is down 0.5% over the past month and up 17% over six months. It touched a 52-week high of ₹644.75 on June 19 and a low of ₹294 on January 27.