Tejas Networks has acquired ₹123.45 crore as incentive for FY24 underneath PLI Scheme for telecom and networking merchandise. The Tata-Group backed firm reported a six-times bounce in consolidated income from operations at ₹2,811 crore in Q2FY25 in comparison with ₹396 crore throughout the identical interval final 12 months.
Within the September quarter, Tejas Networks’ income combine was primarily pushed by India’s personal sector contributions, accounting for 93% of whole income, a big 13.7x YoY progress, largely as a consequence of BSNL 4G-related shipments to TCS. In distinction, the India-government phase contributed 4%, reflecting a 5% YoY decline, whereas worldwide revenues comprised 3%, marking a 3% YoY decline, primarily from key shipments to Africa and South Asia.
Tejas Networks is part of the Tata Group, with Panatone Finvest (a subsidiary of Tata Sons) being the bulk shareholder. It designs and manufactures high-performance wireline and wi-fi networking merchandise for telecommunications service suppliers, web service suppliers, utilities, protection, and authorities entities in over 75 nations.
