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Tejas Networks hits 5% upper circuit on $13 million order win

The company has received a purchase order of $13 million from a leading telecommunications service provider in South East Asia

Stock brokers react to the movement share prices on BSE Sensex in Mumbai on January 23. Photo: Kamlesh Pednekar
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The stock has rallied over 400 per cent from its 52-week low of Rs 28.50, touched on May 21

SI Reporter Mumbai
Shares of Tejas Networks were locked in 5 per cent upper circuit at Rs 137.45 on the BSE on Thursday after the company announced that it has received a purchase order of $13 million from a leading telecommunications service provider in South East Asia.

As per the contract, Tejas will supply and install its award-winning TJ1400 ultra-converged broadband products (TJ1400UCB) to extend high-speed broadband services to underserved rural communities in the region. The project is expected to be executed within the next 12 months, the company said in a press release.

Tejas Networks designs, develops and sells high-performance

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