Tejas Networks Limited, a leading telecom equipment manufacturer, has announced that it has received an add-on Advance Purchase Order for the supply, deployment and maintenance of 4G mobile network equipment for 18,685 sites across India. The value of this order, which comes from Bharat Sanchar Nigam Limited (BSNL) via Tata Consultancy Services Limited (TCS), is estimated to be ₹1525.53 crore, excluding taxes.

The announcement was made on May 21, 2025, through an official regulatory filing with both the National Stock Exchange of India (NSE) and the BSE Limited (BSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background: BSNL 4G Project and Tejas’ Role

This order is an extension of the ongoing collaboration under the Master Contract signed between TCS and Tejas Networks for the nationwide BSNL 4G project. As per the previous communication dated August 16, 2023, Tejas was engaged by TCS to supply Radio Access Network (RAN) components and related services for this critical government-backed telecom initiative.

TCS is the prime contractor for BSNL’s 4G modernization project and is working with Tejas Networks as a key strategic partner for indigenous network equipment supply.

Order Scope and Value

The ₹1525.53 crore order will cover:

• Supply of RAN equipment

• Deployment of mobile network infrastructure

• Maintenance services for all 18,685 identified sites

This order reinforces Tejas Networks’ position as a trusted domestic supplier of telecom technology and strengthens its role in India’s strategic initiative to build a self-reliant telecom infrastructure under the Atmanirbhar Bharat program.

Future Steps and Conditions

According to the disclosure, while TCS has conveyed its intent through the advance purchase order, the detailed Purchase Orders (POs) will be formally issued to Tejas Networks in due course. These are subject to the fulfillment of specific conditions and documentation.

This structured phased approach is part of the large-scale rollout protocol adopted by BSNL and TCS to manage the complexities of nationwide 4G network deployment.

Strategic Impact

This development marks a major milestone for Tejas Networks, especially in the context of the revival and digital transformation of BSNL. It also aligns with the government’s broader efforts to encourage Make in India telecom technologies and reduce dependency on foreign suppliers.

The ₹1525 crore order is expected to significantly enhance Tejas Networks’ revenue visibility and order book strength, and may have positive implications on the company’s financials over the next few quarters, depending on the pace of execution and billing milestones.

Investor Takeaway

This is a major trigger for Tejas Networks’ stock, which is listed under:

• NSE Symbol: TEJASNET

• BSE Scrip Code: 540595

Investors and analysts are likely to track subsequent updates regarding:

• Final PO issuance

• Execution timelines

• Payment milestones

• Margins on deployment and maintenance phases

About Tejas Networks

Tejas Networks is a leading Indian telecom and networking equipment company that designs and manufactures carrier-grade optical and data networking products. The company serves telecom service providers, internet service providers, utilities, government and defense networks in over 75 countries.

It is a part of the Tata Group, which holds a majority stake through Panatone Finvest, a subsidiary of Tata Sons.

Conclusion

This ₹1525 crore order reaffirms Tejas Networks’ position as a key enabler in India’s digital infrastructure build-out, and highlights its deepening collaboration with TCS and BSNL for the long-awaited 4G rollout. The development is expected to have far-reaching implications for both the company and the Indian telecom ecosystem.

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