Tata Group-Backed Company’s Share Price Jumps Over 7% After Winning 4G Network Expansion Deal
Parth DSIJ / 16 Mar 2026 / Categories: Mindshare, Trending
After securing a 4G network expansion project in South Asia, Tejas Networks' share price rose by 7.20 per cent on Monday to Rs 455, after opening at Rs 441.65.
Tejas Networks announced that it has received a purchase order to supply its state-of-the-art 4G RAN (Radio Access Network) solutions for a mobile network in South Asia. As part of the order, the company will deploy its 4G multiband radio products at several locations across the operator’s network. This move will also help the company expand its international wireless customer base.
According to Sanjay Malik, Chief Strategy and Business Officer at Tejas Networks, “We are proud to announce further progress in our pursuit to expand our international wireless business and in taking our 4G/5G mobility stack global. We look forward to growing our presence in the customer’s network while replicating this success in other 4G/5G mobile networks, both in India and across the globe.”
Additionally, Dr. Kumar N. Sivarajan, Chief Technology Officer of Tejas Networks, stated, “By inducting Tejas as their new wireless OEM, our South Asian customer now has a trusted and proven technology partner capable of addressing diverse network requirements while benefiting from greater vendor diversity. We are fully committed to support them with innovative and well-differentiated solutions to optimally meet their network performance and user experience objectives.”
About Tejas Networks Ltd
Incorporated in 2000, Tejas Networks Ltd designs and manufactures wireline and wireless networking products, with a focus on technology, innovation and R&D. TNL carrier-class products are used by telecom service providers, utilities, governments, and Defence networks in 75+ countries.
Tejas Networks Ltd Share Price Performance
On March 16, 2026, Tejas Networks’ share price opened at Rs 441.65, up Rs 17.20 (about 4.05 per cent) from the previous close of Rs 424.45, signalling strong buying interest at the start of the day. During the morning session, the price moved between a low of Rs 434.45 and a high of Rs 463.00. The stock was last traded at Rs 455.00, up Rs 30.55 or 7.20 per cent from the previous close.
As a result, Panatone Finvest Limited (PFL), a subsidiary of Tata Sons Private Limited, earned approximately Rs 28.79 crore in early trade from its 9,42,53,722 shares of Tejas Networks following the price rise.
Disclaimer: The article is for informational purposes only and not investment advice.