Tejas Networks awarded Rs 298 crore optical network contract by Power Grid Corporation of India Ltd

Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has been awarded a contract worth Rs 298 crores for the supply, installation, commissioning and support of its state-of-the-art optical networking equipment, for the augmentation of PGCIL's (NSE: POWERGRID) pan-India telecom backbone and access networks. As part of this contract, Tejas will deploy a wide range of its versatile family of products including TJ1600 multi-terabit OTN cross-connects and 100G/200G DWDM systems with advanced Flex-grid ROADM functionality, TJ1400P series of MPLSTP/Carrier Ethernet switches, along with TejNMS, its universal, multi-technology network management system to create a scalable and high-capacity network for PGCIL.

Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, "We are delighted to be selected by PGCIL for the capacity expansion of their nationwide backbone and access network, which further reinforces our position as a leading trusted telecom equipment provider for the critical infrastructure segment. This win is a strong endorsement of the competitiveness of our end-to-end portfolio of worldclass optical networking products for Access, Metro and Backbone networks."

Shares of Tejas Networks Limited was last trading in BSE at Rs. 468.80 as compared to the previous close of Rs. 472.25. The total number of shares traded during the day was 33686 in over 1959 trades.

The stock hit an intraday high of Rs. 479.20 and intraday low of 466.55. The net turnover during the day was Rs. 15853192.00.

Source : Equity Bulls

Keywords

TejasNetworks INE010J01012 OrderWin PowerGrid PGCIL TelecomBackbone