Tejas Networks emerges as a leading supplier of IP Routing products across the country for BharatNet Phase III packages

Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that the company has been awarded IP Routing equipment purchase contracts for 7 of the 12 BharatNet Phase-III packages announced till date, thereby emerging as the largest supplier by the number of packages.

BharatNet is a flagship program by the Government of India that seeks to create a transformative impact in rural India by bridging the digital divide between urban and rural communities. The objective of this phase is to create a robust, reliable, and scalable middlemile network for BharatNet using IP-MPLS technology to ensure high-quality broadband to every rural citizen.

As a part of this nationwide deployment, Tejas will be delivering its state-of-the-art TJ1400 family of next-generation access and aggregation routers, indigenously designed and developed by the company, with tens of thousands of these carrier-grade systems already operational in high-availability, mission-critical networks. In BharatNet Phase III, TJ1400 products will be deployed in 9 states (Bihar, Goa, Karnataka, Kerala, Madhya Pradesh, Uttarakhand, Arunachal Pradesh, Nagaland, Manipur) and 5 union territories. Altogether, over 50,000 TJ1400 routers will be deployed across 57,000 GPs (Gram Panchayats) and 2000 Blocks in the country.

Sanjay Malik, Chief Strategy and Business Officer of Tejas Networks said, "We are delighted to maintain our track record of being a leading telecom equipment partner for BharatNet deployments, as in the previous phases of this prestigious program. It is a reflection of our growing stature as a world-class telecom OEM (original equipment manufacturer) with highly differentiated, next-generation products that meet global quality and performance standards."

Sunil Handoo, Vice President of Sales at Tejas Networks said, "We thank all our PIA (Project Implementation Agency) partners for selecting us as their Router equipment supplier and reinforce our position as a key contributor to India's digital transformation initiatives. We look forward to working closely with our BharatNet Phase-III partners to rapidly upgrade middlemile networks in their project areas and deliver high-speed and reliable connectivity to underserved communities in these villages."

Tejas is partnering with five leading PIAs, namely, NCC, Polycab, Invenia-STL Networks, GR Infraprojects and ITI, for the BharatNet Phase III deployment.

Shares of Tejas Networks Limited was last trading in BSE at Rs. 461.80 as compared to the previous close of Rs. 469.45. The total number of shares traded during the day was 57881 in over 1848 trades.

The stock hit an intraday high of Rs. 482.20 and intraday low of 460.00. The net turnover during the day was Rs. 27234113.00.

Source : Equity Bulls

Keywords

TejasNetworks INE010J01012 TelecomServices BharatNet Phase3