Tejas Networks Secures ₹1,537 Crore TCS Order for BSNL 4G Expansion Across 18,685 Sites
New Delhi, August 28, 2026: Indian telecom equipment manufacturer Tejas Networks has received a major business boost after Tata Consultancy Services (TCS) issued a Letter of Intent worth ₹1,537 crore for equipment required to expand Bharat Sanchar Nigam Limited’s (BSNL) indigenous 4G network.
According to the company’s regulatory disclosure, the Letter of Intent dated August 27 covers the supply of Radio Access Network (RAN) equipment, accessories and installation materials for 18,685 BSNL 4G sites. Tejas Networks said the detailed purchase order is expected to be issued by TCS separately.
Major Opportunity for Tejas Networks
The new order represents a significant opportunity for Tejas Networks because its value is slightly higher than the company’s ₹1,529 crore order book reported at the end of the June quarter.
The development immediately attracted investor attention. Tejas Networks shares rose sharply during Friday’s trading session, climbing as much as around 13% at the day’s early high before giving up some of the gains.
The market reaction reflects expectations that the new contract could provide an important boost to the company’s future revenue visibility.
Equipment for Thousands of BSNL Sites
The project involves supplying the core radio equipment and associated materials needed for BSNL’s 4G network expansion.
The 18,685 sites form part of BSNL’s continuing effort to broaden its 4G footprint across India. TCS is responsible for the broader network deployment, while Tejas Networks is playing a key role as an indigenous supplier of RAN equipment.
The companies have been working under an existing master contract covering goods and services for BSNL’s 4G project.
Part of India’s Indigenous Telecom Push
The latest development is also significant from the perspective of India’s push for domestic telecom technology.
TCS, Tejas Networks and the Centre for Development of Telematics (C-DOT) have been involved in BSNL’s indigenous 4G network programme. The broader project was designed to create a homegrown technology stack and reduce dependence on overseas telecom equipment suppliers.
Nearly 100,000 4G radio-access sites have already been commissioned under the wider deployment programme, according to industry reports.
Background to the New Contract
The latest Letter of Intent follows an additional order that BSNL awarded to TCS in May 2025.
That earlier purchase order was valued at approximately ₹2,903 crore and covered the deployment of 18,685 additional 4G sites. TCS’s responsibilities included planning, engineering, supply, installation, testing, commissioning and annual maintenance.
Tejas Networks had previously indicated that its portion of the equipment supply for these sites could be worth roughly ₹1,525.53 crore excluding taxes. The new ₹1,537 crore LoI therefore formalises a substantial part of that expected business.
Revenue Has Been Growing Despite Losses
The order comes at an important time for Tejas Networks.
The company reported revenue from operations of ₹402.16 crore in the June quarter of FY27, almost double the ₹201.98 crore recorded during the same period a year earlier. However, the company continued to report a consolidated net loss, which stood at ₹202.24 crore compared with ₹193.87 crore in the corresponding quarter of the previous year.
The company’s order book stood at ₹1,529 crore at the end of Q1 FY27, while net debt was reported at ₹4,277 crore.
What the Order Could Mean for the Company
The new contract could strengthen Tejas Networks’ order visibility at a time when the company is working to expand beyond the initial phase of India’s large-scale 4G deployment.
The company has also been pursuing opportunities in optical networking, broadband infrastructure and 5G technology. Its June-quarter revenue was supported by international shipments of 5G radios as well as domestic sales of optical and fibre-access products.
The BSNL-related order could therefore provide an additional source of domestic demand while the company continues developing its international business.
Investors Await the Final Purchase Order
Although the announcement represents a major commercial development, an important procedural step remains.
Tejas Networks has received a Letter of Intent, while the detailed purchase order is expected from TCS in due course. Investors will therefore be watching for the formal order and subsequent execution of the project.
For India’s telecom sector, meanwhile, the project highlights the growing role of domestic technology companies in building large-scale mobile infrastructure.
With thousands of additional sites planned, the latest TCS order could become another important chapter in BSNL’s transition toward a broader indigenous 4G network.
