Tejas Networks bags Rs. 66 crore order for a prestigious Ind
BENGALURU, India, Aug. 10, 2020 /PRNewswire/ -- Tejas Networks [BSE: 540595] [NSE: TEJASNET] announced that it has received a purchase order of Rs. 66 crores from L&T Construction, to supply its GPON based fiber-broadband products and high-performance Metro Ethernet switches for a prestigious Indian defence network project. The order was received during last quarter and the first set of supplies have started this quarter.
Larsen & Toubro (L&T) Construction is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over USD 21 billion in revenue and operating in 30+ countries.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, "We are honoured to be selected as a communications equipment supplier for this prestigious Indian defence project. It is a matter of great pride that our designed and made in India GPON OLT/ONT products and Metro Ethernet switches will be deployed in this strategic network. This win reinforces our technology strengths and credibility as a trusted provider of defence communication equipment to tri-services, since we have earlier supplied our DWDM and Layer-3 Multi-Gigabit Ethernet switches for the Indian Navy network and our Layer-2 Gigabit Ethernet switches for the Indian Air Force network. With over 10,000 nodes installed in various defence networks across India, we have demonstrated that we are making great progress towards realizing the vision of "Atmanirbhar Bharat" for secured communication infrastructure."
About Tejas Networks Limited
Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas products utilize programmable, software-defined hardware architecture with a common software code-base that delivers seamless upgrades of new features and technology standards. Tejas Networks is ranked among top-10 suppliers in the global optical aggregation segment and has filed over 349 patents.
For more information, visit Tejas Networks at http://www.tejasnetworks.com.
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the industry in which the Company operates. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company.
Mr. Santosh Kesavan