Tata Group-Backed Stock Jumps After Winning Contract to Supply 5G Massive MIMO Radios

Tejas Networks Ltd, a Tata Group subsidiary, has secured a landmark agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios. Announced on February 26, 2026, this collaboration focuses on co-creating 5G and 5G-Advanced solutions that comply with both 3GPP and O-RAN standards. By leveraging its expertise in carrier-class product development, Tejas Networks aims to provide high-capacity 32TR and 64TR radios to global telecom operators, helping NEC diversify its supply chain and build a more resilient global ecosystem.

The market responded to this international expansion with a massive rally, sending Tejas Networks' share price up over 26 per cent across two trading sessions. On February 27, the stock climbed to an Intraday high of Rs 403.80 on the NSE, building on the previous day's gains. This surge reflects investor optimism following a period of significant volatility; despite this recent momentum and a 34% gain over the last month, the stock had previously struggled, shedding nearly 46 per cent of its value over the past twelve months and hitting a 52-week low of Rs 294 in January 2026.

In addition to the NEC deal, the company’s financial position has been bolstered by government support through the Production Linked Incentive (PLI) scheme. On February 18, 2026, Tejas Networks received Rs 69.97 crore from the Ministry of Communications, representing the final incentive payment for the 2024-25 fiscal year. With a market capitalisation now standing at approximately Rs 6,118 crore, the company is positioned to use this capital and its new strategic partnership to replicate its 4G and 5G successes across both emerging and established mobile networks.

About the Company

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 stock is down by 71 per cent from its all-time high of Rs 1,459.80 per share. As of December 31, 2025, the company's Order Book stands at Rs 1,329 crore.

Disclaimer: The article is for informational purposes only and not investment advice.