Tejas Networks’ stock rose 3% following the announcement that the company has received a payment of Rs 189.1657 crore from the Ministry of Communications, Department of Telecommunications (DoT), under the Production Linked Incentive (PLI) Scheme for Telecom and Networking Products. The company confirmed the payment in a filing with the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on March 29, 2025.
This amount represents 85% of the incentive for the first two quarters of FY 2024–25, with the remaining 15% expected to be disbursed later, as per PLI Scheme guidelines. This marks Tejas Networks’ first tranche of PLI benefits under the central government’s initiative aimed at promoting domestic manufacturing in the telecom and networking sector.
The incentive is a significant boost for Tejas Networks, highlighting its crucial role in India’s growing telecom infrastructure. The payment is expected to further strengthen the company’s position in the market, enhancing its research and development capabilities and accelerating growth in the coming quarters.
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