Shares of Tejas Networks Ltd surged 3% after the company received an incentive of Rs 123.45 crore from the Ministry of Communications, Department of Telecommunications (DoT), under the Production Linked Incentive (PLI) Scheme for Telecom and Networking Products for the financial year 2023-24.
The company, in an exchange filing, stated: “We would like to inform you that Tejas Networks Limited (the Company) has on March 12, 2025, received an amount of Rs.123.45 crore from the Ministry of Communications, Department of Telecommunications – New Delhi, towards incentive for the financial year 2023-24 under the PLI (Production Linked Incentive) Scheme for Telecom and Networking Products.”
This incentive comes as part of the Indian government’s push to boost domestic manufacturing and strengthen India’s telecom infrastructure. The PLI scheme aims to enhance India’s competitiveness in the global telecom market by encouraging local production of critical telecom and networking components.
The financial boost is expected to positively impact Tejas Networks’ growth trajectory, reinforcing its position as a leading player in India’s telecom equipment manufacturing sector. Following the announcement, investor sentiment turned positive, contributing to the stock’s 3% rise in today’s trading session.
