Tejas Networks Shares Surge 8% on South Asia 4G Network Expansion Contract Award

Tejas Networks Ltd Sees 8% Share Surge on International Order

On March 16, Tejas Networks Ltd reported an 8% increase in its shares following the announcement of a significant order for its 4G radio access network solutions from a mobile network in South Asia.

The company's multiband radio products will be deployed across multiple locations in the mobile operator's network, marking an important step in expanding Tejas Networks' international wireless client base. In a recent exchange filing, the company highlighted the significance of this order in growing its international wireless business.

Tejas Networks' shares were trading 4% higher at Rs 441.8 at 10:11 am on March 16, with a notable gain of nearly 40% in the last two weeks. This order is a testament to the company's expanding presence in the global wireless market.

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The company has been actively pursuing international partnerships, as evident from its recent agreement with NEC Corporation to manufacture and supply 5G massive multiple-input multiple-output radios. This collaboration aims to accelerate wireless innovation and leverage Tejas Networks' expertise in carrier-class product development for global telecommunication companies.

Key Figures:

• 8%: Increase in Tejas Networks Ltd's shares on March 16
• 4%: Increase in Tejas Networks Ltd's shares at 10:11 am on March 16
• 40%: Gain in Tejas Networks Ltd's shares in the last two weeks
• Rs 441.8: Trading price of Tejas Networks Ltd's shares at 10:11 am on March 16
• March 16: Date of the announcement

Company Information:

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• Tejas Networks Ltd: Manufacturer and supplier of 4G and 5G radio access network solutions
• NEC Corporation: Partner company for manufacturing and supplying 5G massive multiple-input multiple-output radios