Tejas Networks wins Rs. 7,492 crore (approx. USD 900 million) order for BSNL’s Pan-India 4G/5G network
Bengaluru (India), August 16, 2023: Tejas Networks Limited [BSE: 540595, NSE: TEJASNET] (the “Company”) today announced that it has executed a Master Contract for supply, support and annual maintenance services of its Radio Access Network (the “RAN”) equipment for BSNL’s Pan-India 4G/5G network, with Tata Consultancy Services Limited (the “TCS”) [BSE: 532540, NSE: TCS].
As a part of this contract, the Company received a Purchase Order from TCS for Rs 7,492 crore (approx. USD 900 million) to supply its latest 4G/5G RAN equipment for approximately 100,000 sites, which will be executed during the calendar years 2023 and 2024. The company won this order after successfully completing extensive trials as part of a consortium led by TCS.
Mr. Anand Athreya, CEO and Managing Director of Tejas Networks said, “We are delighted to be selected as the sole supplier of 4G/5G RAN equipment for one of the largest mobile networks in the world. Our cutting-edge portfolio of baseband and radio products will enable BSNL to roll out a scalable and cost-effective network that meets world-class performance and quality standards. This also furthers our mission to create India’s first global-scale telecom and networking products company with an end-to-end suite of wireless and wireline offerings.”
Mr. Arnob Roy, COO and Executive Director of Tejas Networks said, “We are proud to be a member of the TCS consortium that has put the country on the world map in a highly competitive, deep-technology segment. We are committed to collaborating with our consortium partners to ensure a best-in-class service experience for BSNL subscribers, both consumers and businesses, around the country.”
Dr. Kumar N. Sivarajan, CTO of Tejas Networks said, “Our state-of-the-art 4G/5G RAN products were subjected to rigorous field testing by BSNL for nearly eighteen months before being chosen for this large-scale commercial deployment. This win is a true testament to the engineering excellence and innovation prowess of our R&D team that successfully developed and delivered an industry-leading product in a complex technology area in record time.”
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About Tejas Networks Limited
Tejas Networks designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas Networks is a part of the Tata Group, with Panatone Finvest Ltd. (a subsidiary of Tata Sons Pvt. Ltd.) being the majority shareholder.
For more information, visit Tejas Networks at http://www.tejasnetworks.com
or contact Investor Relations: ir@india.tejasnetworks.com
Attn: Mr. Santosh Kesavan: skesavan@tejasnetworks.com Phone: +91 80 41794600
SAFE HARBOUR
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the industry in which the Company operates. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company.