Tejas Networks Receives Rs 123 Crore From Ministry Of Communications Under PLI Scheme
This amount is the first tranche, which makes up 85% of the eligible incentive for the third quarter of 2024-25.
Tejas Networks Ltd. has received Rs 123 crore from the Ministry of Communications under the Production Linked Incentive Scheme for telecom and networking products, according to an exchange filing on Thursday.
This amount is the first tranche, which makes up 85% of the eligible incentive for the third quarter of fiscal 2025.
"The balance amount is expected to be released subsequently in accordance with the Production Linked Incentive Scheme guidelines," the exchange said.
Tejas Networks Q4 Results
The telecom company saw a net loss of Rs 71.8 crore in its consolidated year-on-year results for the quarter ended March 2025. Its revenue was up 43.7% to Rs 1,907 crore from Rs 1,327 crore.
Shares of Tejas Networks closed 1.18% higher at Rs 715.05 apiece on the NSE, compared to a 1.1% fall in the benchmark Nifty. The stock has fallen 36.50% in the last 12 months and 39.69% on a year-to-date basis.
