Tejas Networks Bags Prestigious Telecom Award for Excellence in Manufacturing

About Award

Tejas Networks, a leading Indian telecom and networking company, has been conferred the prestigious Pandit Deendayal Upadhyaya Telecom Excellence Award-2023. This recognition, presented by the Government of India, acknowledges Tejas Networks’ significant contributions in the field of ‘Telecom Equipment Research and Manufacturing.’

The award ceremony, held in New Delhi, saw Shri Jyotiraditya Scindia, the Hon’ble Minister of Communications and Development of North Eastern Region, present the honor to Tejas Networks. Dr. Neeraj Mittal, IAS, Chairman DCC & Secretary (T), Department of Telecommunications, also graced the event.

Dr. Kumar N. Sivarajan, CTO & Co-founder of Tejas Networks, expressed his delight at receiving the award. He highlighted how this recognition underscores the company’s unwavering commitment to technological excellence and “design-led” manufacturing in India. Tejas Networks’ focus on research and development has resulted in a world-class product portfolio encompassing wireless, broadband, optical, and packet networking technologies. Significantly, all these products are not only designed but also manufactured entirely within India.

Dr. Sivarajan further acknowledged the role of the Government of India’s “Atmanirbhar Bharat” (Self-reliant India) initiative in the telecom sector. These forward-looking policies, he said, are instrumental in empowering Tejas Networks to further strengthen its R&D and manufacturing capabilities, propelling the company towards achieving a global scale.

Tejas Networks’ achievement serves as a shining example of Indian innovation and manufacturing prowess. This recognition by the Government of India is certain to inspire other domestic players within the telecom sector to strive for excellence and contribute to India’s journey towards self-reliance.

Share Price Movement

Tejas Networks (TEJASNET) is currently trading slightly up at Rs 1441.40, a gain of 0.29% from its previous close of Rs 1437.20. The stock has seen some volatility today, with a high of Rs 1458.05 and a low of Rs 1426.05. Looking at the broader range, Tejas Networks has traded between a 52-week high of Rs 1495.10 and a low of Rs 652.05. The stock currently sits within a price band mechanism, with an upper limit of Rs 1724.60 (20% above the previous close) and a lower limit of Rs 1149.80 (20% below).

About 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.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.