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Tejas Networks shares hit 5% upper circuit on bagging order worth $13 mn

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Shares of Tejas Networks were locked in 5 percent upper circuit at Rs 137.45 apiece on the BSE after the company won an order worth $13 million from the South-East Asia region.

Tejas Networks shares hit 5% upper circuit on bagging order worth $13 mn
Shares of Tejas Networks were locked in 5 percent upper circuit at Rs 137.45 apiece on the BSE after the company won an order worth $13 million from the South-East Asia region.
In a regulatory filing, the company said that it has received a purchase order of $13 million from a leading telecommunications service provider in South East Asia.
"As per the contract, Tejas will supply and install its award-winning TJ1400 ultra-converged broadband products to extend high-speed broadband services to underserved rural communities in the region," the company said.
The project is expected to be executed within the next 12 months.
"We are delighted to be chosen for this prestigious project that will enable a sizable rural population to experience the tangible benefits of high-speed, reliable and affordable wireless internet for the first time. TJ1400UCB is an innovative product that provides the flexibility to rapidly rollout broadband services on optical fiber, wireless or copper media, as per available infrastructure, at highly affordable costs," said Sanjay Nayak, Managing Director and CEO of Tejas Networks.
 
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