Tejas network has been received 123.45 crore as an incentive for FY24 under PLI scheme for telecom and networking products. Tata-Group-backed company reported to jump six times in consolidated revenue from operations 2,811 crore in Q2Fy25 compared to 396 crores during the same period last year.
In the September quarter, the revenue mixture of Tejas Network was mainly operated by the contribution of the private sector of India, 93%of the total revenue, a significant 13.7x yoy development, largely due to the BSNL 4G-related shipment for TCS. Conversely, the India-Government segment contributed 4%, showing a 5% decline, while international revenue included 3%, including 3% YOY decline, mainly from major shipments to Africa and South Asia.
Tejas Network is a part of the Tata group, with the Panatone Finvest (a Tata Sons a subsidiary) majority shareholder. It designs and manufactures and manufactures and manufactures a high-demonstration wireline and wireless networking products for telecom service providers, internet service providers, utilities, defense, and government institutions in more than 75 countries.
