Tejas Networks Locked In Upper Circuit On Securing $13 Million International Order
Tejas Networks shares had been locked in a 5 per cent higher circuit at Rs 137.45 on the BSE.
Shares of the Bengaluru-based telecom options supplier – Tejas Networks – had been locked in a 5 per cent higher circuit at Rs 137.45 on the BSE after the corporate knowledgeable exchanges that it has secured a global order value $13 million from South East Asian area. (Track Tejas Networks share price here)
“Tejas Networks received a purchase order of $13 million from a leading telecommunications service provider in South East Asia. As per the contract, Tejas will supply and install its award-winning TJ1400 ultra-converged broadband products (TJ1400UCB) to extend high-speed broadband services to underserved rural communities in the region. The project is expected to be executed within the next 12 months,” the corporate mentioned in a press launch.
“We are delighted to be chosen for this prestigious project that will enable a sizable rural population to experience the tangible benefits of high-speed, reliable and affordable wireless internet for the first time. TJ1400UCB is an innovative product that provides the flexibility to rapidly rollout broadband services on optical fiber, wireless or copper media, as per available infrastructure, at highly affordable costs,” Sanjay Nayak, Managing Director and CEO of Tejas Networks mentioned in a press release.
Tejas Networks designs, develops and sells high-performance and cost-competitive networking merchandise to telecommunications service suppliers, web service suppliers, utilities, defence and authorities entities in over 75 international locations.
As of 1:36 pm, there have been a complete of 58,882 pending purchase orders on the BSE whereas there have been no sellers on the BSE.
