The consolidated net profit of the company for the March quarter stood at Rs 146.8 crore, against a loss of Rs 11.47 crore during the same quarter last year.
Tejas Networks share price: The stock zoomed 19.82 per cent to hit an intraday high value of Rs 928.95. It eventually settled 16.83 per cent higher at Rs 905.75. At this price, the scrip was down 3.63 per cent from its one-year high of Rs 939.90, a level seen on October 18 last year.
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Get latest articles and stories on Business at LatestLY. Bengaluru (Karnataka) [India], March 26: Tejas Networks (BSE: 540595) (NSE: TEJASNET) today announced that it has signed a Memorandum of Understanding (MoU) with Telecom Egypt (TE), ITIDA (Information Technology Industry Development Agency) and NTI (National Telecom Institute) to replicate its experience of implementing the Bharatnet (Rural Broadband Project) and NKN (National Knowledge Network) projects in Egypt. Other broad areas of cooperation include capacity building of Egyptian engineers and technicians on state-of-the-art telecom and networking technologies; establishing local manufacturing and R&D facilities for Fiber-to-the-Home (FTTH) products; and setting up technical support services in Egypt both for customers within the country as well as for the larger Africa and Middle East region. Business News | Tejas Networks Announces Strategic Partnership with Telecom Egypt.