Business · India Bureau
Tejas Networks surges 13% on major TCS supply contract
Shares of the Tata group's networking equipment maker Tejas Networks rallied sharply following announcement of a ₹1,537-crore order from TCS. The stock climbed to an intraday peak of ₹576.80, extending gains from its previous close.
LSN India ·
Tejas Networks' stock price jumped 13% to touch an intraday high of ₹576.80 on the BSE, bolstered by a significant order win from Tata Consultancy Services. The shares opened at ₹540.60 compared to the previous closing price of ₹510.85.
The ₹1,537-crore contract from TCS marks a substantial recognition of Tejas Networks' technology capabilities in the networking space. The order underscores growing demand for indigenous telecom and data networking solutions among India's leading IT services providers.
Tejas Networks, part of the Tata conglomerate, specializes in high-performance networking products and solutions. The company has been positioning itself as a key player in India's push toward self-reliant technology infrastructure and reducing dependence on foreign suppliers for critical networking equipment.
The TCS order is expected to provide a significant revenue boost and enhance the company's market visibility among enterprise customers. It also reflects confidence among domestic technology majors in supporting local hardware manufacturers, particularly in sectors deemed strategically important for national digital infrastructure.