Tata Group telecom major receives PLI incentives worth ₹123.4 crore for FY24, stock sheds 44% YTD: Buy or sell?

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Tata Group telecom major receives PLI incentives worth ₹123.4 crore for FY24, stock sheds 44% YTD: Buy or sell?

AIMPWA

March 13, 2025

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Tejas Networks has received ₹123.45 crore as incentive for FY24 under PLI Scheme for telecom and networking products. The Tata-Group backed company reported a six-times jump in consolidated revenue from operations at ₹2,811 crore in Q2FY25 compared to ₹396 crore during the same period last year.

Tejas Networks is a part of the Tata Group, with Panatone Finvest (a subsidiary of Tata Sons) being the majority shareholder. It designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defense, and government entities in over 75 countries.

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