Tejas Networks shares zoom 13% after TCS’s Rs 1,537-crore LOI for BSNL 4G rollout

Tejas Networks shares surged nearly 13% on Friday following Tata Consultancy Services (TCS) announcing a potential deal worth Rs 1,537 crore. The stock reached an intraday peak of Rs 576.85 on the NSE, marking a rise of Rs 65.7, or 12.8%, from its prior closing price of Rs 511.15. Tejas Networks disclosed on August 27 that it had received a "Letter of Intent" from TCS to supply RAN equipment, accessories and installation materials for BSNL's 4G network rollout.

This proposed project involves 18,685 sites and is valued at Rs 1,537 crore. A formal purchase order from TCS for the contract is expected to be issued at a later stage. In May 2025, TCS had already secured a Rs 2,903.22 crore add-on purchase order from BSNL for deploying 18,685 4G network sites, encompassing planning, engineering, supply, installation, testing, commissioning and annual maintenance.

This latest order is part of TCS's ongoing involvement in BSNL's indigenous 4G rollout, which began with a Rs 15,000-crore contract in May 2023 secured by TCS in partnership with the Centre for Development of Telematics (C-DOT).