Tejas Networks receives a ₹1,537-crore Letter of Intent (LoI) from Tata Consultancy Services (TCS) tied to BSNL’s indigenous 4G network expansion. Multiple outlets report that the agreement relates to telecom equipment needed for deployment across 18,685 BSNL sites.
The reports say the LoI covers radio access network (RAN) equipment along with accessories and installation materials. One outlet adds that a detailed purchase order is expected to follow after the LoI, indicating the transaction is part of a broader procurement process.
Outlets also link the announcement to a sharp move in Tejas Networks’ share price in morning trading, with gains reported around 8% to 13% in different accounts. Some coverage frames the order as significant relative to Tejas Networks’ existing order backlog, while context varies on how it compares with the company’s recent order book and current efforts to rebuild revenue after portions of earlier rollout work.
