Introduction:
Leading telecom equipment provider has signed a three-year agreement with Vodafone Idea Limited to supply advanced transmission products. The collaboration aims to enhance backhaul capacity, support 4G and 5G rollouts, and improve network performance across India.
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Share price movement of Tejas Networks:
On December 10, 2024, Tejas Networks Ltd opened at ₹1,355.00, down 0.08% from its previous close of ₹1,336.15. The stock reached a high of ₹1,373.60 and a low of ₹1,327.00. By 10:24 AM, it traded at ₹1,332.00, a 0.31% decrease, with a market cap of ₹22,811.91 crore.
Tejas Networks Signs Contract with Vodafone Idea:
Tejas Networks has entered a three-year agreement with Vodafone Idea Limited to supply its advanced TJ1400 and TJ1600 packet and optical transmission products. The collaboration aims to enhance backhaul capacity and improve network performance across India.
The partnership supports Vodafone Idea’s nationwide 4G and 5G rollouts by upgrading its backhaul network to handle increasing data traffic and bandwidth demands. The advanced products will ensure a scalable and future-ready infrastructure to deliver superior customer experiences.
Tejas Networks highlighted the deal as a testament to its ability to design innovative, energy-efficient solutions. The agreement underscores its commitment to meeting the dynamic needs of leading telecom providers while optimizing costs and energy efficiency.
Recent news on Tejas Networks:
As of December 05, 2024, Tejas Networks has been chosen as the primary broadband equipment supplier for Tamil Nadu’s BharatNet Last Mile Connectivity project, aiming to deliver high-speed internet to 50,000 government institutions, health centers, and schools.
Stock performance of Tejas Networks for Period of 1 week, 6 months and 1 year:
Tejas Networks recorded a 0.15% return over one week, highlighting steady short-term performance. Over six months, it faced a 2.48% decline. However, its long-term growth is evident with an impressive 64% return over one year.
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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 networking products for telecom providers, ISPs, utilities, defense, and governments across 75+ countries. Part of the Tata Group, it is majority-owned by Panatone Finvest Ltd.
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.
