Tejas Networks wins expansion order of Rs. 336 crore from BSNL for BharatNet

Domestic telecom gear maker Tejas Network has announced that it has received a new purchase order of Rs. 336 crore from BSNL for expansion of BharatNet.

Sanjay Nayak, Managing Director, and CEO of Tejas Networks said, "This order reinforces the confidence that BSNL and BBNL have in our capabilities to successfully execute large national projects of strategic importance. For BharatNet Phase-1, we played a major role and were honored as the best performing equipment partner by the Government of India."

Tejas was also given contract in phase 1 of the BharatNet project.

Nayak further added, "For the fiscal year 2018, we earlier expected our revenue growth to be around 5 percent. The nature of our business is that our revenues depend on a timely win of large orders. Due to delays in receiving certain large orders, we expect our revenues for the fiscal year 2018 to show a year-on-year decline."

"However, we continue to see strong growth potential for our business over the next few years, especially from our customers in India, driven by the exponential growth in data traffic and robust CapEx investments on broadband infrastructure. Given our
healthy order pipeline and strong business momentum, we are well set for strong revenue and profitability growth
for the coming fiscal year," he added.

Tejas Networks designs develop, manufactures and sells high-performance optical and data networking products, which are used to build high-speed communication networks over optical fiber.

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It utilizes programmable, software-defined hardware architecture with a common software code-base that delivers seamless upgrades of new features and technology standards. Tejas Networks is ranked among top-10 suppliers in the global optical aggregation segment and has filed over 338 patents.