Tejas Networks (Tejasnet) is in the spotlight today

Tejas Networks (Tejasnet) is in the spotlight today after securing a massive ₹1,537 crore order from Tata Consultancy Services (TCS) to supply radio access network (RAN) equipment for BSNL’s 4G rollout across 18,685 sites. The news has sent Tejas shares rallying nearly 10%, making it one of the top smallcap gainers on the NSE. 📌 Key Highlights of Today’s News Order win: Tejas Networks received a Letter of Intent (LoI) worth ₹1,537 crore from TCS for BSNL’s 4G mobile network expansion. Project scale: The order covers 18,685 sites, part of BSNL’s indigenous 4G rollout led by TCS and C-DOT. Stock reaction: Shares surged 10% to ₹562.15, marking their biggest gain in 16 weeks. Order book impact: The new order is larger than Tejas’ entire existing order backlog of ₹1,529 crore at the end of Q1 FY27. Financials: Despite a net loss of ₹202.24 crore in Q1 FY27, revenues nearly doubled to ₹402.16 crore, driven by 5G radio exports and domestic optical product shipments. 📈 Market Impact Investor sentiment: Analysts view this as a short-to-medium term positive, strengthening Tejas’ position in India’s telecom equipment sector. Strategic importance: The deal cements Tejas’ role as a key supplier in BSNL’s 4G rollout, with potential upside as BSNL transitions to 5G-ready infrastructure. Global footprint: Tejas also reported its first commercial 5G deployment win in South America, signaling international growth opportunities.