Tejas Networks Receives ₹1,537 Crore Letter of Intent from TCS for BSNL 4G Network
Tejas Networks Shares Jump Over 10%
Tejas Networks shares surged more than 10% in today’s trading session, with investor sentiment boosted by the company’s disclosure of a ₹1,537 crore Letter of Intent from Tata Consultancy Services for the supply of RAN equipment and related materials for 18,685 BSNL 4G sites. The sizeable potential order has drawn market attention as it could strengthen Tejas Networks’ order visibility and support future revenue growth. However, investors will continue to track the issuance of the detailed purchase order and subsequent execution of the project.
Tejas Networks Limited has received a major Letter of Intent (LoI) from Tata Consultancy Services Limited (TCS) to supply telecom equipment for BSNL’s 4G mobile network, strengthening the company’s position in India’s ongoing telecom network expansion.
The company disclosed the development to the stock exchanges on August 27, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
₹1,537 Crore Order Opportunity
According to the company, it has received a Letter of Intent dated August 27, 2026, from TCS for the supply of Radio Access Network (RAN) equipment, accessories and installation materials for 18,685 BSNL 4G sites.
The value of the LoI is approximately ₹1,537 crore.
Tejas Networks said that the detailed Purchase Order (PO) for the project will be issued by TCS to the company in due course.
BSNL 4G Network Expansion
The development is significant as BSNL continues to expand and strengthen its indigenous 4G mobile network across India. RAN equipment forms a critical component of mobile networks, connecting user devices to the telecom operator’s core network.
The latest LoI indicates continued demand for Tejas Networks’ telecom networking products as the BSNL 4G rollout progresses.
Earlier Company Communication
Tejas Networks had previously communicated with the stock exchanges regarding the project on May 21, 2025. The latest disclosure provides an update on the project and confirms the receipt of the Letter of Intent from TCS.
The company has clarified that the detailed purchase order will be issued separately by TCS.
What the Order Means for Tejas Networks
The ₹1,537 crore LoI could be an important business opportunity for Tejas Networks, particularly given the scale of the project involving 18,685 sites.
The potential order could support the company’s telecom equipment business and provide visibility for future revenue from the BSNL 4G network rollout. However, investors should note that the company has received a Letter of Intent, while the detailed Purchase Order is yet to be issued.
Key Takeaways for Investors
- Company: Tejas Networks Limited
- Customer: Tata Consultancy Services Limited (TCS)
- End Project: BSNL 4G mobile network
- Letter of Intent: August 27, 2026
- LoI Value: ₹1,537 crore
- Network Sites: 18,685
- Scope: RAN equipment, accessories and installation materials
- Next Step: Detailed Purchase Order to be issued by TCS
- Disclosure: Regulation 30 of SEBI LODR
Investor Outlook
The Letter of Intent from TCS represents a sizeable potential order opportunity for Tejas Networks and highlights the company’s involvement in India’s large-scale 4G network deployment.
The immediate focus for investors will be on the issuance of the detailed purchase order, execution timelines, order conversion and the eventual impact on the company’s revenue and profitability.
Investors should also distinguish between an LoI and a confirmed purchase order, as the final commercial terms and execution details will depend on the subsequent purchase order.
Disclaimer: This article is based on information disclosed by Tejas Networks Limited to the stock exchanges and is intended for informational purposes only. It should not be considered investment advice or a recommendation to buy or sell any security.