Tejas Networks receives approval under Design-led PLI scheme for Telecom and Networking Products
Bengaluru, November 1, 2022: Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that the Department of Telecommunications (DoT) has approved its application under Government of India’s Design-led Production Linked Incentive (PLI) scheme for manufacturing of Telecom and Networking products. In its application, the company has committed to make a minimum cumulative capital investment of Rs 750 crore over the scheme period. Mr. Sanjay Nayak, C...
Tejas Networks announces consolidated results for quarter ended September 30, 2022 Q2 23 revenue was Rs. 219.9 crore and H1 23 revenue was Rs. 345.7 crore Q2 23 Net profit was Rs. 1.1 crore and H1 23 loss was Rs. 5.6 crore
Bengaluru, October 21, 2022: Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the second quarter ended September 30, 2022. Tejas Networks designs, develops, manufactures and sells high-performance telecom and networking products, which are used to build high-speed communication networks. For Q2-FY23, consolidated net revenue was Rs. 219.9 crore, which was a YoY increase of 27.3%, resulting in a profit before tax of Rs. 10.9 c...
Tejas Networks wins “Best Made in India Telecom Innovation award†at India Mobile Congress (IMC)
New Delhi, October 4, 2022: Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that the company has won the “Best Made in India Telecom Innovation” award at IMC yesterday. The company won the award for its ultra-converged broadband networking product, TJ1400 UCB, that has been fully designed, developed and manufactured in India. Mr. Sanjay Nayak, CEO & Managing Director of Tejas Networks said, “We are honoured to be selec...
Tejas Networks successfully demonstrates end-to-end network based on its indigenous 4G/5G wireless, optical and satellite products
New Delhi, October 1, 2022: Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that the company successfully demonstrated 4G/5G network and applications on an end-to-end indigenous network, using its designed-and-made in India hardware and software products, in the presence of Hon’ble Prime Minister of India, Shri Narendra Modi, at the India Mobile Congress (IMC) being held at Pragati Maidan, New Delhi. The end-to-end network showed a full ...
Tejas Networks Board approves amalgamation of Saankhya Labs with the Company
Bengaluru, September 29, 2022: Tejas Networks [BSE: 540595, NSE: TEJASNET] (“Company”) had acquired 64.40% of shares of Saankhya Labs Private Limited (‘Saankhya Labs’) in July 2022. In view to consolidate and merge the operations of Saankhya Labs and its subsidiary, Saankhya Strategic Electronics Private Limited (“Saankhya Strategic”) with the Company, the Board of Directors of Tejas Networks have approved a scheme of amalgamation thro...