The fiber-to-the-home (FTTH) equipment sourced from Tejas Networks will be used for a state-led BharatNet project
Tejas Networks announced that it has received purchase order of Rs 32 crores from Sterlite Technologies and L&T Construction for its GPON (Gigabit Passive Optical Network) fiber-to-the-home (FTTH) equipment for a state-led BharatNet project in south India. The company is already the leading supplier of GPON OLT/ONT products for BharatNet Phase-1 project and has been honoured by Government of India as one of the best performing equipment suppliers for BharatNet Phase-1.
“We are excited to partner with Sterlite Technologies and L&T Construction on this important government project to eliminate the digital divide between urban and rural population. Our GPON and NG-PON products are clearly emerging as globally competitive on all aspects and are being deployed by Tier-1 service providers both in India and around the world. At Tejas, we are fully committed to do our part in fulfilling honourable Prime Minister of India’s dream of an ‘Atmanirbhar Bharat’ in telecom equipment and to help connect every village in the country on BharatNet in the next 1000 days,” noted Sanjay Nayak, Managing Director and CEO of Tejas Networks.
GPON OLT and ONT products
Tejas Networks will supply its state-of-the-art GPON OLT and ONT products for this project, which is being funded as a part of BharatNet. It is the world’s largest rural broadband project that aims to deliver high-speed Internet connectivity over optical fiber to all the villages in India.
The company had also received a purchase order of Rs 66 crores from L&T Construction, to supply its GPON based fiber-broadband products and high-performance Metro Ethernet switches for a prestigious Indian defence network project. That order was received during last quarter.
Tejas Networks’ consolidated revenues (net of pass-through component sale) were Rs 77.4 crore which was a YoY decline of 50.6 per cent resulting in a loss after tax of Rs 9.8 crore, as compared to a profit after tax of Rs. 5.9 crore for corresponding previous period. The company has filed for 349 patents so far and have been granted 116 patents.
