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Last Updated : Aug 10, 2020 09:42 AM IST | Source: Moneycontrol.com

Tejas Networks share price locked in upper circuit on Rs 66-crore order from L&T Construction

There were pending buy orders of 2,642 shares, with no sellers available.

 
 
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Tejas Networks share price locked was locked in upper circuit in the morning trade on August 10 after the company bagged a Rs 66-crore order from L&T Construction.

The company has received a Rs-66 crore order to supply its GPON-based fibre-broadband products and high-performance metro ethernet switches for a prestigious Indian defence network project.

The order was received in the last quarter and the first set of supplies started this quarter.

"This win reinforces our technology strengths and credibility as a trusted provider of defence communication equipment to tri-services, since we have earlier supplied our DWDM and Layer-3 Multi-Gigabit Ethernet switches for the Indian Navy network and our Layer-2 Gigabit Ethernet switches for the Indian Air Force network," said Sanjay Nayak, Managing Director and CEO of Tejas Networks.

There were pending buy orders of 2,642 shares, with no sellers available.

At 0926 hours, Tejas Networks was quoting at Rs 63.80, up Rs 3, or 4.93 percent, on the BSE.
First Published on Aug 10, 2020 09:42 am
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