Tejas Networks Wins ₹1,537 Cr BSNL 4G Deal from TCS
By Business Desk
Tejas Networks secures a ₹1,537 crore LoI from TCS for BSNL’s 4G network expansion, covering 18,685 sites and boosting its domestic order pipeline.
Tejas Networks secured a Letter of Intent (LoI) from Tata Consultancy Services (TCS) on Thursday, August 27, for radio access network (RAN) equipment. This significant order, valued at ₹1,537 crore, covers the provision of equipment and installation materials for approximately 18,685 BSNL 4G sites.
Key Order Details
- Order Value: ₹1,537 crore
- Sites Covered: Approximately 18,685 BSNL 4G sites
- Equipment Type: Radio Access Network (RAN) equipment, accessories, and installation materials
A detailed purchase order from TCS is anticipated in due course, further solidifying this strategic move for Tejas Networks. The contract is set to bolster its domestic business, which is primarily driven by BSNL projects.
Strategic Market Position
- Q1 FY27 Order Book: ₹1,529 crore
- Indian Market Contribution (Order Book): 93%
- International Market Contribution (Order Book): 7%
- Anticipated Expansion: Additional 26,000 BSNL 4G sites for pan-India network
The company’s investor presentation indicated an expectation for an additional expansion order for 26,000 4G sites for BSNL’s pan-India network, building on a previously received LoI. This underscores Tejas Networks’ deep involvement in India’s telecom infrastructure development.
Financial Performance Overview
Tejas Networks reported a consolidated net loss of ₹202 crore in Q1 FY27, an increase from ₹194 crore in the same quarter of the previous year. Despite the loss, revenue saw a substantial increase, nearly doubling by 99% year-on-year to ₹402 crore from ₹202 crore.
- EBITDA Loss (Q1 FY27): Narrowed to ₹100 crore (from ₹136 crore a year earlier)
- Net Debt: ₹4,277 crore
- Gross Debt: ₹4,866 crore
Stock Movement Insights
On the National Stock Exchange (NSE), Tejas Networks shares closed at ₹511.15 on Thursday, marking a 1.21% increase for the trading day. The stock has demonstrated a 13% appreciation year-to-date.
- One-Month Performance: 0.5% decline
- Six-Month Performance: 17% rise
- 52-Week High: ₹644.75 (June 19)
- 52-Week Low: ₹294 (January 27)