Tejas Networks bags international order worth USD 13 million; stock hits upper circuit

Tejas Networks, one of the leading communications equipment company in India announced on Thursday that it has secured an international order worth USD 13 million from South East Asia region. Reacting to the news, the stock hit the upper circuit during the early trading session on BSE. 

According to the contract, the company is set to supply and install an ultra-converged broadband product. It will install TJ1400UCB, an award-winning product, which helps to extend high-speed broadband services to underserved rural communities in the region. The project is expected to complete within the next 12 months. 

TJ1400UCB is an innovative product that provides flexibility to rapidly rollout broadband services on optical fibre, wireless or copper media using the available infrastructure, at highly reasonable costs. 

Tejas Networks is engaged in designing, developing and selling high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. 

The company enjoys a 36 per cent market share in optical aggregation segment and 15 per cent market share in optical networking products segment. 

Tejas Networks Ltd closed Thursday’s session on a positive note at Rs 137.45, up by 4.96 per cent. Its 52-week high is Rs 155.85 while the 52-week low is Rs 28.50 on BSE.