5 days ago
Tejas Networks shares jump after ₹1,537-crore TCS deal
Tejas Networks makes equipment used by telecommunications companies.
Its shares became more expensive after the company announced a large order from TCS.
The order is worth ₹1,537 crore.
It involves equipment and materials for BSNL’s 4G mobile network.
The work will cover 18,685 sites.
Because investors liked this news, the share price rose sharply.
However, the company still reported a loss in the latest quarter.
Its sales and service revenue increased compared with the previous quarter and the same quarter last year.
Tejas Networks shares rose 12.91% to ₹576.80 during morning trading on the BSE on 28 August.
The stock opened at ₹540.60, compared with its previous close of ₹510.85, and later traded 9.20% higher at ₹557.85.
Tejas Networks received a letter of intent from TCS valued at ₹1,537 crore on 27 August 2026.
The deal covers RAN equipment, accessories, and installation materials for BSNL’s 4G network across 18,685 sites.
Tejas Networks reported a consolidated Q1FY27 loss of ₹202.24 crore, while quarterly sales and service revenue reached ₹402 crore.
- Who
- Tejas Networks, Tata Consultancy Services, and Bharat Sanchar Nigam Limited are involved.
- What
- Tejas Networks received a ₹1,537-crore letter of intent from TCS to supply RAN equipment and related materials.
- Where
- The share-price movement was reported on the BSE, and the equipment is intended for BSNL’s 4G network sites.
- When
- The letter of intent was announced after market hours on 27 August 2026; Tejas Networks shares rose on 28 August.
- Why
- Investor buying increased after the announcement of the TCS deal.
Key facts
- Share-price high
- ₹576.80 intraday on the BSE
- Share-price gain
- 12.91% from the previous close during morning trading
- Previous close
- ₹510.85
- Letter-of-intent value
- ₹1,537 crore
- Network scope
- RAN equipment and related materials for 18,685 BSNL 4G sites
- Q1FY27 loss
- ₹202.24 crore consolidated loss
- Q1FY27 sales and service revenue
- ₹402 crore
Sources
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