Tejas Networks receives ₹123.45 crore PLI incentive for FY24

Tejas Networks receives ₹123.45 crore PLI incentive for FY24

received ₹123.45 crore from the Ministry of Communications under the PLI Scheme for Telecom and Networking Products for FY 2023-24. The incentive aims to boost domestic manufacturing and telecom infrastructure. Shares fell 2.37% to ₹660.15. The company reported a net profit of ₹165.7 crore in Q3, with revenue declining 6% QoQ but doubling YoY.