Tata Group’s subsidiary, Tejas Network, on Thursday announced that the company has been awarded equipment purchasing contracts for the BharatNet Phase-III packages. The company added that with this contract it becomes the leading supplier of IP Routing products across the country,
As per its regulatory filing, the company has been awarded IP Routing equipment purchase contracts for 7 of the 12 BharatNet Phase-III packages till date.
About BharatNet Phase III
BharatNet is an ambitious project by Government of India that aims to curb the digital divide between rural and urban India. The objective of BharatNet-Phase III is to create dependable, robust, and scalable middle-mile network for BharatNet via the utilisation of IP-MPLS technology to ensure high-quality broadband for the rural communities.
As a part of this nationwide deployment, Tejas will be providing TJ1400 family of next-generation access and aggregation routers, which are indigenously designed and developed by the company. In its regulatory filing the company added that a large number of these carrier-grade systems are already operational in high-availability, mission-critical networks.
For BharatNet Phase III, TJ1400 products will be deployed in 9 states, which includes, Bihar, Goa, Karnataka, Kerala, Madhya Pradesh, Uttarakhand, Arunachal Pradesh, Nagaland, Manipur, and 5 union territories. Altogether, over 50,000 TJ1400 routers will be deployed across 57,000 GPs (Gram Panchayats) and 2000 Blocks in the country.
Sanjay Malik, Chief Strategy and Business Officer of Tejas Networks, said, “We are delighted to maintain our track record of being a leading telecom equipment partner for BharatNet deployments, as in the previous phases of this prestigious program. It is a reflection of our growing stature as a world-class telecom OEM (original equipment manufacturer) with highly differentiated, next-generation products that meet global quality and performance standards.”
Sunil Handoo, Vice President of Sales at Tejas Networks, said, “We thank all our PIA (Project Implementation Agency) partners for selecting us as their Router equipment supplier and reinforce our position as a key contributor to India’s digital transformation initiatives. We look forward to working closely with our BharatNet Phase-III partners to rapidly upgrade middle-mile networks in their project areas and deliver high-speed and reliable connectivity to underserved communities in these villages.” Tejas Network partners with 5 PIA’s for BharatNet Phase III
Tejas is partnering with five PIAs, namely, NCC, Polycab, Invenia-STL Networks, GR Infraprojects and ITI, for the BharatNet Phase III deployment.
About Tejas Networks
Tejas Networks designs and manufactures wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defense and government entities in over 75 countries. The company is a part of the Tata Group, with Panatone Finvest (a subsidiary of Tata Sons Pvt. ) being the majority shareholder.
Market Reaction
Following the announcement, Tejas Network’s share prices rose by 1% in the intraday session. Over the past one month the company’s stock has declined by nearly 8%