Tejas Networks wins Rs. 111 crore naval order from Sterlite Tech

The company has bagged a purchase order of Rs. 111 crore for supply of country-wide next generation digital network for the Indian Navy's communication grid.

The order consists of supplying DWDM systems and high-performance Layer-3 Multi Gigabit Ethernet switches, on a pan-India basis for the naval network.

Sterlite Technologies has been awarded a long-term contract for design, execution and maintenance of Indian Navy’s Digital Network. Tejas Network will work as a technology partner for providing the state-of-the-art terabit capacity for the network which will be highly secure and scalable.

Tejas Networks is a major OEM company that develops and manufactures world-class optical and data networking equipments for telecoms, ISPs, utilities, government and defence organisations in Indian and aboard.

During early trade on Monday, the stock of Tejas Networks was quoting Rs. 273.15 per share down by 0.87 per cent, after hitting a high of Rs. 282.00 per share. Meanwhile, the benchmark index was at 34,426.95, up by 111.32 points or 0.32 per cent.