Home Networking service Tejas Networks pockets Rs 298 cr-order from PGCIL

Tejas Networks pockets Rs 298 cr-order from PGCIL

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The maker of wired and wireless networking products has announced that it has been awarded a contract worth Rs 298 crore from Power Grid Corporation of India Limited (PGCIL).

Tejas Networks said the contract is for the supply, installation, commissioning and support of its optical network equipment, for the augmentation of the pan-India telecommunications backbone and access networks of PGCIL.

Under this contract, Tejas will deploy a wide range of its versatile family of products, including the TJ1600 multi-terabit OTN interconnects and 100G/200G DWDM systems with advanced ROADM Flex-grid functionality, the TJ1400P series of MPLS- TP/Carrier Ethernet switches, as well as TejNMS, its universal multi-technology network management system to create a scalable, high-capacity network for PGCIL.

Sanjay Nayak, Managing Director and CEO of Tejas Networks, said, “We are delighted to have been selected by PGCIL for their national backbone and access network capacity expansion, which further strengthens our position. as a trusted telecommunications equipment provider for the critical infrastructure segment. . This victory is a strong endorsement of the competitiveness of our end-to-end portfolio of world-class optical networking products for access, metro and backbone networks. »

Tejas Networks designs and manufactures high-performance wired and wireless networking products for telecommunications service providers, Internet service providers, utilities, defense and government entities in more than 75 countries. Tejas Networks is part of the Tata group, with Panatone Finvest (a subsidiary of Tata Sons) being the majority shareholder.

Tejas Networks reported a consolidated net loss of Rs 6.64 crore in the first quarter of FY23, compared to a net profit of Rs 7.55 crore in the first quarter of FY22. Net income in the quarter was of Rs 125.76 crore, down 12.8% year-on-year. The company said first-quarter revenue was weak as it could not meet customer orders due to component shortages. It makes changes to internal processes and tools to better manage the supply chain.

Shares of Tejas Networks fell 0.73% to Rs 468.80 on Friday, July 29, 2022.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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