NEW DELHI: Domestic telecom gear maker Tejas Networks today said it has won a Rs 336-crore order from state-run BSNL for expansion of BharatNet project.
"... received a new purchase order of Rs 336 crore from BSNL for
expansion of BharatNet, the world's largest rural broadband project,"
Tejas Networks said in a statement.
BSNL has allocated the
purchase order for the second phase of BharatNet project under 1.5 lakh
gram panchayats are to be connected with optical fibre based high speed
broadband network.
"This order reinforces the confidence that BSNL and BBNL
have in our capabilities to successfully execute large national
projects of strategic importance," Tejas Networks Managing Director and
CEO Sanjay Nayak said.
Tejas was also given contract in phase 1 of the BharatNet project.
The company, however, expects a decline in revenue during the 2018
fiscal mainly due to delays in receiving certain large orders, Nayak
said. The company had earlier expected a revenue growth of around 5 per
cent.
"However, we continue to see strong growth potential for
our business over the next few years, especially from our customers in
India, driven by the exponential growth in data traffic and robust capex
investments on broadband infrastructure," Tejas said.
He said
that given healthy order pipeline and strong business momentum, Tejas is
set for strong revenue and profitability growth for the coming fiscal
year.
Tejas Networks had reported around 18 per cent decline its
consolidated revenue at Rs 236.67 crore for the quarter ended December
31, 2017. The profit after tax of the company , however, jumped close to
3-fold to Rs 30.14 crore in the third quarter of 2017-18 from Rs 11.66
crore a year ago.