Introduction:
Major technological initiative aims to enhance last-mile connectivity in Tamil Nadu by providing high-speed internet to 50,000 public institutions. This project also supports rural FTTH services, fostering digital inclusion and bridging the connectivity gap across the state.
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Share price movement of Tejas Networks:
On December 5, 2024, Tejas Networks Ltd opened at ₹1,377.40, up 0.46% from its previous close of ₹1,340.90. The stock reached a high of ₹1,403.15 (4.64%) and a low of ₹1,340.65. By 10:05 AM, it traded at ₹1,347.10, a 0.46% increase, with a market cap of ₹23,070.51 crore.
Tejas Networks powers BharatNet:
Tejas Networks, a Tata Group company, will supply advanced GPON OLT, ONT, and Management Systems for the BharatNet Last Mile Connectivity (LMC) project in Tamil Nadu. The initiative, spearheaded by TANFINET, aims to bridge the digital divide.
The BharatNet LMC project, implemented by Tamil Nadu FibreNet Corporation Limited with Polycab India Limited as the Master System Integrator, seeks to connect 50,000 government institutions, schools, and public health centers with affordable high-speed internet. Infrastructure will extend from BharatNet sites across Panchayat, Block, and District levels.
Additionally, this connectivity infrastructure will facilitate FTTH (Fiber to the Home) services for rural households through partnerships with local operators and telecom providers. This move strengthens Tamil Nadu’s vision of digital inclusion and promotes widespread internet accessibility.
Stock performance of Tejas Networks for Period of 1 week, 6 months and 1 year:
Tejas Networks has demonstrated robust performance, delivering a 0.31% return over the past week, 4.40% over six months, and an impressive 63.9% return over the last year, reflecting strong growth and investor confidence.
Shareholding pattern of Tejas Networks:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 55.40% | 55.50% | 55.60% |
| FII | 9.60% | 10.20% | 11.30% |
| DII | 4.80% | 4.90% | 4.80% |
| Public | 30.20% | 29.40% | 28.30% |
About Tejas Networks:
Tejas Networks Ltd (NSE: TEJASNET) designs and manufactures advanced wireline and wireless networking products. Part of the Tata Group, it serves telecom providers, ISPs, utilities, and governments across 75+ countries, with Panatone Finvest Ltd. as its majority shareholder.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
