Tejas Networks’ stock surged up to 13% on August 28

Tejas Networks’ stock surged up to 13% on August 28, 2026, after receiving a massive ₹1,537 crore Letter of Intent (LoI) from Tata Consultancy Services (TCS) for supplying RAN equipment to BSNL’s 4G network across 18,685 sites — its biggest order since 2023. 📈 Market Snapshot (as of Aug 28 2026) Metric Details Current Price ₹562.4 (+10%) Intraday High ₹576.85 52‑Week Range ₹402 – ₹612 Volume 1.2 million shares Market Cap ₹8,200 crore (approx.) YTD Performance +24.3% 📰 Key News Highlights Order Win: Tejas Networks received a ₹1,537 crore LoI from TCS for BSNL’s 4G rollout at 18,685 sites. The order includes Radio Access Network (RAN) equipment, accessories, and installation materials. A formal purchase order will follow soon, confirming execution timelines. This deal doubles Tejas’ order book, which stood at ₹1,529 crore at the end of June 2026. Strategic Impact: The project strengthens Tejas’ role in India’s indigenous telecom ecosystem alongside TCS and C‑DoT, under the Tata Group umbrella. Past Milestone: In 2023, Tejas had already executed a ₹7,492 crore order for BSNL’s 4G/5G sites — this new LoI is an add‑on expansion. 💰 Financial Performance (Q1 FY27) Metric Q1 FY27 Q1 FY26 Change Revenue ₹402.16 Cr ₹201.98 Cr +99.1% YoY Net Loss ₹202.24 Cr ₹193.87 Cr Widened slightly Order Book ₹1,529 Cr ₹1,103 Cr (FY26) +38.7% YoY Net Debt ₹4,277 Cr — — Despite strong revenue growth, profitability remains a concern due to high working‑capital requirements and elevated debt levels.