Tejas Networks bags order worth USD 13 mn

New Delhi: Communications equipment firm Tejas Networks on Thursday said it has bagged an order worth USD 13 million (approx Rs 95 crore) from a telecommunications service provider in South East Asia for supply and installation of its broadband products. As per the contract, Tejas will supply and install its broadband products to extend high-speed broadband services to underserved rural communities in the region, Tejas Networks said in a regulatory filing.

The project is expected to be executed within the next 12 months.

Shares of Tejas Networks were trading 4.96 per cent higher at Rs 137.45 apiece on BSE.