This small-cap telecommunications company wins an order worth more than Rs 600 crore!

Shares of the company jumped over 4 per cent today.

Bharat Sanchar Nigam (BSNL) has given Tejas Networks an advance purchase order worth Rs 696 crore to upgrade BSNL's Access and Aggregation Network (MAAN), which is built on IP-MPLS and spans all of India. After being technically shortlisted and placing the lowest business bid in an open tender against other top-tier international vendors, the firm was awarded this order. 

Tejas Networks will provide, build, and commission more than 13,000 of its TJ1400 series next-generation access and aggregation routers as part of this contract to implement a converged multi-service packet network that is being implemented across the country. 

The scrip opened at Rs. 588.25 and touched a high and low of Rs 617.30 and Rs 588.25, respectively. Its 52-week high stood at Rs 773 whereas its 52-week low was Rs 385.10. The current market cap of the company is Rs 10,250 crore. Promoters hold 56.38 per cent, whereas Institutional and non-institutional holdings are 13.99 and 29.61 per cent respectively.     

Tejas Networks Ltd. is an international provider of telecom devices with its headquarters in India. It creates, develops, and produces high-performance optical and data networking goods used by government, military, utility, and communication networks. In more than 60 countries, the business designs, develops, and sells high-performance and reasonably priced products to telecommunications service providers, internet service providers, utility companies, defence companies, and government agencies. To transmit speech, data, and video traffic from fixed line, mobile, and broadband networks over optical fibre, these products are used in the construction of high-speed communication networks.