Tejas Networks Hits 20% Upper Circuit at ₹381.35 After Large 5G Massive MIMO Order from NEC

Mumbai | February 26

Tejas Networks shares surged sharply on Thursday and locked in the 20% upper circuit at ₹381.35 after the Tata Group-backed telecom equipment maker announced a major 5G radio supply agreement with NEC Corporation.

The stock saw strong buying interest following weeks of sustained pressure and sharp declines earlier this year. The stock closed at ₹371.05, up 17% for the day.

Tejas Networks Bags Large 5G Massive MIMO Radio Order

Tejas Networks said it has entered into an agreement with Japan-based NEC Corporation to manufacture and supply carrier-grade 5G massive MIMO (Multiple Input Multiple Output) radios.

The order includes high-capacity 32TR and 64TR massive MIMO radios that comply with global 3GPP and O-RAN standards. These radios play a critical role in enhancing network capacity, improving coverage and enabling high-speed 5G deployments.

The company manufactures a mobility product suite comprising 4G and 5G Radio Access Network (RAN) offerings, including advanced massive MIMO solutions.

Strategic Partnership with NEC

The agreement expands Tejas Networks’ international footprint in the 5G infrastructure segment.

Chief Operating Officer Arnob Roy said the partnership will accelerate wireless innovation by leveraging both companies’ expertise in carrier-class product development for global telecom operators.

Masayuki Kayahara, Corporate Senior Vice-President of NEC’s Global Network Division, said the collaboration supports supply chain diversification and strengthens a resilient global telecom ecosystem.

The deal marks one of the significant international 5G equipment wins for an Indian telecom manufacturer.

Stock Reversal After Prolonged Weakness

Tejas Networks had been among the worst-performing small cap stocks this year. The stock had declined over 60% in 2025 and extended losses by another 25% in the first two months of 2026 before this rally.

The sharp recovery indicates renewed investor interest following the NEC agreement.

Recent Financial Performance

The Bengaluru-based company reported a consolidated net loss of ₹196.55 crore in Q3 FY26, impacted by lower year-on-year revenue and deferment of certain domestic telecom orders.

However, the new international contract is expected to help diversify revenue streams and reduce reliance on domestic project cycles.

PLI Incentive Support

Tejas Networks recently received ₹69.97 crore from the Department of Telecommunications under the Production Linked Incentive (PLI) scheme.

The incentive supports the company’s domestic manufacturing capabilities in telecom equipment and strengthens its balance sheet amid global expansion.

What Investors Will Track Next

Investors will monitor:

• Execution timeline of the NEC order
• Improvement in revenue visibility
• Margin recovery in upcoming quarters
• Additional global 5G deal wins

With global telecom operators accelerating 5G deployments, the partnership positions Tejas Networks to tap export opportunities in advanced wireless infrastructure.

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