Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
19 April, 2024 09:30 IST
Tejas Networks bags Rs 1.11 bn order from Sterlite Technologies
Source: IRIS | 22 Oct, 2018, 09.45AM
Rating: NAN / 5 stars.
Comments  |  Post Comment

Tejas Networks today announced that it has received a purchase order of Rs 1.11 billion for Indian Navy's country wide nextgeneration digital communications network from Sterlite Technologies, a global data network solutions company. As a part of this order, Tejas Networks will supply its state-of-the-art terabit capacity DWDM systems and high-performance Layer-3 Multi Gigabit Ethernet switches, for this pan-India network.

The Indian Navy's communication network is being built as a robust, highly secure, scalable and reliable digital highway for naval operations that will link multiple Indian naval offices and Indiaadministered islands. As the master systems integrator, Sterlite Technologies has been awarded a long-term contract for design, execution, operations and maintenance of Indian Navy's Digital Network.

Sanjay Nayak, Managing Director and CEO of Tejas Networks said, ''We are delighted to be a part of this prestigious communication project for the Indian Navy as a technology partner for Sterlite Technologies for DWDM and Layer-3 Multi Gigabit Ethernet switches. It is a matter of great pride that our designed-and-made-in-India DWDM products and Layer-3 Multi Gigabit Ethernet switches will be deployed in Navy's network, which has long-term strategic significance for India. The order reinforces our technological and execution capabilities for building large and complex communication networks.''

K.S Rao, CEO, Telecom Services Business, Sterlite Technologies further added, ''Tejas Networks is a leading Indian OEM that designs and manufactures world-class optical and data networking products. They have demonstrated capabilities in executing complex, carrier-grade and mission-critical networks. We are happy to work with Tejas Networks to execute this project of national importance.''

Shares of the company declined Rs 0.50, or 0.18%, to trade at Rs 275.20. The total volume of shares traded was 1,934 at the BSE (9.34 a.m., Monday).

 Post Comment
Name Email
Comment
Security Code type    into this box
Sector
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer