Vijay Kedia Hold 1.02 Per Cent Stake: Tata-Group Company Bags Rs 1525,53,00,000 Order for BSNL 4G Project
The stock is up by 17.5 per cent from its 52-week low of Rs 647 per share and has given multibagger returns of over 2,400 per cent in just 5 years.
In an update related to the BSNL 4G Project, Tejas Networks Limited (Tejas) has been informed by Tata Consultancy Services Limited (TCS) about an add-on Advance Purchase Order (APO) received from BSNL. This APO is for the supply, deployment, and maintenance of a 4G mobile network across 18,685 sites. This new development falls under the existing Master Contract between TCS and Tejas Networks for the supply of goods and services for the project.
The estimated value of supplies for Radio Access Network (RAN) and other associated equipment from Tejas to TCS for this particular deployment is approximately Rs 1525.53 crore, exclusive of taxes. Tejas Networks anticipates receiving detailed Purchase Orders for these supplies from TCS in due course, subject to the completion of certain stipulated conditions and required documentation.
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About Tejas Network Ltd
Tejas Networks Ltd designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas Networks Ltd. is a part of the Tata Group, with Panatone Finvest Ltd. (a subsidiary of Tata Sons Pvt Ltd.) being the majority shareholder.
The company has a market capitalisation of over Rs 13,000 crore backed by the Tata Group. Vijay Kedia, an ace investor, owns Kedia Securities Private Limited, which has 18,00,000 shares or 1.02 per cent stake in Tejas Networks Ltd as of March 2025. Additionally, as of March 2025, the promoters own a 53.83 per cent stake, FIIs own a 7.08 per cent stake and DIIs own a 4.85 per cent stake.
As of March 31, 2025, the company's order book stands at Rs 1,091 crore. The stock is up by 17.5 per cent from its 52-week low of Rs 647 per share and has given multibagger returns of over 2,400 per cent in just 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.