Tejas Networks completes deployment of GPON equipment; stock surges 11%

The stock rallied 11% to Rs 472 on BSE after the company successfully completed GPON equipment installations in over 40,000 gram panchayats in India as part of the BharatNet Phase-1 project.

Tejas Networks has rallied 11% to Rs 472 on BSE after the company said that it has successfully completed GPON equipment installations in over 40,000 gram panchayats in India as part of the BharatNet Phase-1 project.

BharatNet is an ambitious Government of India project to bring high-speed broadband connectivity to 250,000 gram panchayats of the country.

Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities in over 65 countries.

The stock trading at its highest level since listing on June 27, 2017, appreciated