Tejas obtains 750 cr rupees mobilisation advance from TCS for BSNL deal
By MYBRANDBOOK
Tejas Networks' stock increased 4.5 percent in early trade on September 8 to reach a 52-week high of Rs 934.90 after the company got a mobilisation advance of Rs 750 crore from Tata Consultancy Services. The money was acquired as part of the agreement to provide radio access network hardware for BSNL's nationwide 4G/5G network in India. Tejas Networks shares were up 1.7 percent to Rs 908.55 at 09.50 am on the National Stock Exchange.
In August, Tejas Networks was awarded the TCS contract for the provision of support and yearly maintenance services for Radio Access Network hardware for BSNL's Pan-India 4G/5G network, which will cover about 100,000 locations. The order's total cost is Rs 7,492 crore.
The supply of the equipment will be executed by the company across 2023 and 2024, whereas support and maintenance services will be for a period of 9 years post the warranty period.
In the April-June quarter, the wireless telecom and data networking products company recorded a consolidated net loss of Rs 26.3 crore, widening it from a loss of Rs 11.5 crore seen in the preceding quarter. In the year-ago period as well, the company had reported a net loss of Rs 6.6 crore.
On a sequential basis, revenue also fell 37.2 percent to around Rs 188 crore, while it was up over 46 percent on year.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Icons Of India : MADHABI PURI BUCH
Madhabi Puri Buch is the first-female chairperson of India’s markets...
Icons Of India : NATARAJAN CHANDRASEKARAN
Natarajan Chandrasekaran (Chandra) is the Chairman of Tata Sons, the h...
ICONS OF INDIA : RAMESH NATRAJAN
Ramesh Natarajan, CEO of Redington Limited, on overcoming ‘technolog...
NIC - National Informatics Centre
NIC serves as the primary IT solutions provider for the government of ...
DRDO - Defence Research and Development Organisation
DRDO responsible for the development of technology for use by the mili...
CSC - Common Service Centres
CSC initiative in India is a strategic cornerstone of the Digital Indi...
Indian Tech Talent Excelling The Tech World - NIKESH ARORA, Chairman CEO - Palo Alto Networks
Nikesh Arora, the Chairman and CEO of Palo Alto Networks, is steering ...
Indian Tech Talent Excelling The Tech World - Rajiv Ramaswami, President & CEO, Nutanix Technologies
Rajiv Ramaswami, President and CEO of Nutanix, brings over 30 years of...
Indian Tech Talent Excelling The Tech World - George Kurian, CEO, Netapp
George Kurian, the CEO of global data storage and management services ...