Telecom stock: A company associated with the telecom sector has received approximately Rs 70 crore under the Production Linked Incentive Scheme (PLI). After this, the shares of the company are seeing a rise. Here we are talking about Tejas Networks Limited, a company supported by Tata Group. Shares of this company with a market cap of about Rs 6000 crore reached an intraday high of Rs 343 during trading on Thursday, which is 2 percent more than the previous closing price of Rs 336.
Rs 397 crore received so far under the scheme
Tejas Networks Limited, a company engaged in manufacturing and supplying networking and broadband equipment, told the stock exchange that it has received about Rs 70 crore from the Ministry of Communications under the Production Linked Incentive or PLI Scheme for telecom and networking products. This is the last tranche of eligible incentives for the financial year 2024-25.
Earlier, in the third quarter of the financial year, Tejas Networks Limited has received approximately Rs 85 crore as the first installment of Production Linked Incentive (PLI) payout. Overall, the company received Rs 397 crore last year under the scheme, which significantly strengthened liquidity, improved cash flow and supported operational momentum as per the guidelines set by the scheme.
Where will the money be used?
The total order book of the company in the third quarter of the business year 2025-26 is more than Rs 1300 crore, out of which 92 percent is from India and 8 percent is from the international market. In the revenue received by the company during this period, the share of domestic operations is 85 percent, while the share of international market is the remaining 15 percent. In such a situation, the company will use the funds received under the scheme to strengthen its network infrastructure so that its business gets strengthened in the country as well as abroad and the market competition of the company also increases.
Company suffered loss of Rs 197 crore
There has been a decline of 88 percent in the company’s revenue in the December quarter of the financial year 2025-26, which became Rs 307 crore in this quarter as compared to Rs 2,642 crore in the same quarter last year. However, it has achieved a growth of 17 percent from Rs 262 crore in the September quarter.
This Tata Group company had suffered a loss of Rs 197 crore in the December quarter. Tejas Networks is a large telecom equipment manufacturer in the country, which designs and supplies optical, wireless, broadband and data networking products. The company provides services to telecom operators, enterprises, utilities and governments around the world and supports 4G, 5G, fiber broadband and large-scale digital infrastructure deployments in diverse markets.
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