Tejas Networks’ shares surged nearly 10% following BSNL’s ₹61,000 crore 5G spectrum allocation, positioning it to benefit from the telco’s network expansion.
Shares of Tejas Networks, a prominent subsidiary of Tata Group, surged by 10% following the announcement that Bharat Sanchar Nigam Ltd (BSNL) has secured a ₹61,000 crore allocation of 5G spectrum from the Department of Telecommunications (DoT). The spectrum includes premium bands like 700 MHz and 3300 MHz, enabling BSNL to roll out 5G services in select cities, starting with Delhi, with plans for nationwide expansion.
The Minister of State for Communications, Pemmasani Chandra Sekhar, confirmed in Parliament that BSNL has already placed orders for 1 lakh indigenously developed 4G sites, with a significant number already operational. These sites are fully upgradable to 5G, strengthening BSNL’s position for its upcoming 5G rollout.
Tejas Networks, a key supplier of 4G/5G RAN equipment and IP/MPLS routers to BSNL, is poised to benefit from this growth. In FY25’s first nine months, 94% of the company’s revenue came from India, primarily driven by BSNL’s 4G-related shipments to Tata Consultancy Services (TCS). In Q3 FY25, Tejas Networks delivered equipment for 27,000 sites, increasing its total deployments in BSNL’s network to over 86,000. The company is well-positioned to support BSNL’s ambitious 5G and network expansion plans.
