Nagarjuna Construction Company selects Tejas Networks as the supplier of IP/MPLS Routers for multiple packages of BharatNet Phase III project

Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that the company has started shipping its industry-leading IP-MPLS Routers and Management System for the Madhya Pradesh, Dadra Nagar Haveli, Daman and Diu and Uttarakhand packages as part of the BharatNet Phase III project. Tejas is partnering with NCC, a leading industrial conglomerate, to upgrade the existing middle-mile broadband infrastructure in these states from linear to ring topology across 30,841 GPs and 411 Block locations by using IP-MPLS technology.

BharatNet is an ambitious program of the Government of India, funded by the Digital Bharat Nidhi (DBN), that seeks to extend high-speed broadband connectivity to every village in the country to empower rural India, foster inclusive growth, and bridge the digital divide between urban and rural communities. The network infrastructure under this project shall be a national asset and accessible on a non-discriminatory basis to all eligible service providers enabling delivery of online education, telemedicine and e-governance services in rural and remote areas.

Manoj Penmetcha, Director (Projects) of NCC said, "The creation of a robust, reliable and scalable middle-mile network for BharatNet is critical to ensuring high-quality broadband to every rural citizen. As India's premier R&D and IPR-driven telecom product company with proven experience in successfully designing and executing numerous mission-critical networksin India and globally, we strongly believe that Tejas Networksisthe ideal technology partner for this project."

Sanjay Malik, Chief Strategy and Business Officer of Tejas Networks said, "We are delighted to be selected as a key technology partner of NCC for this prestigious project of national importance. This win further reinforces our position as a leading telecom and networking equipment provider for complex, high-availability networks. As an award-winning GPON equipment supplier for the earlier phases of the BharatNet project, we have a deep understanding of the current BharatNet network architecture and its implementation complexities, giving us a head start in achieving the stringent stakeholder objectives for this phase."

Shares of NCC Limited was last trading in BSE at Rs. 209.45 as compared to the previous close of Rs. 208.70. The total number of shares traded during the day was 25948 in over 719 trades.

The stock hit an intraday high of Rs. 210.40 and intraday low of 208.50. The net turnover during the day was Rs. 5433123.00.

Shares of Tejas Networks Limited was last trading in BSE at Rs. 548.65 as compared to the previous close of Rs. 539.40. The total number of shares traded during the day was 37367 in over 1427 trades.

The stock hit an intraday high of Rs. 553.80 and intraday low of 539.00. The net turnover during the day was Rs. 20514165.00.

Source : Equity Bulls

Keywords

NCC INE868B01028 TejasNetworks INE010J01012 TelecomServices