Tejas Networks selected as broadband equipment supplier for state-led BharatNet Last Mile Connectivity project in Tamil Nadu

Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that the company will be supplying its industry-leading GPON OLT, ONT and Management System for the state-led BharatNet Last Mile Connectivity (LMC) project in Tamil Nadu. The project is being implemented by TANFINET (Tamil Nadu FibreNet Corporation Limited), a Special Purpose Vehicle (SPV) set up by the Government of Tamil Nadu with Polycab India Limited (PIL) as the Master System Integrator.

The BharatNet LMC project seeks to extend affordable high-speed connectivity to around 50,000 Government institutions, Public Health Centres and Schools from the nearest BharatNet site at Gram Panchayat/Block/District levels. Further, the LMC infrastructure will also be leveraged to provide FTTH (Fiber to the Home) service to rural households in Tamil Nadu through partnerships with local cable operators and telecom service providers.

Mr. Arnob Roy, COO and Executive Director of Tejas Networks said, "We are delighted to be selected as the primary broadband equipment supplier for this prestigious project. With our modular, feature-rich and future-proof portfolio of multi-gigabit GPON/XGS-PON products delivering enterprise-grade quality of service and resiliency features, Tejas is emerging as a technology partner of choice for both domestic and international FTTH rollouts."

Mr. Sunil Handoo, Vice President- Sales at Tejas Networks said, "TANFINET's BharatNet LMC project will enable Tamil Nadu's rural citizens to experience the real benefits of high-speed broadband in their daily lives and help improve their social and economic well-being. As a leading IPR and R&D-driven company in the telecom and networking sector, we have extensive experience in successfully delivering complex, high-performance networks of national importance. We look forward to working with all stakeholders to ensure a worldclass broadband service experience for end-users."

Shares of Tejas Networks Limited was last trading in BSE at Rs. 1340.90 as compared to the previous close of Rs. 1335.35. The total number of shares traded during the day was 83601 in over 3327 trades.

The stock hit an intraday high of Rs. 1356.00 and intraday low of 1327.00. The net turnover during the day was Rs. 112458116.00.

Source : Equity Bulls

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