Tejas Networks informed after market close on Thursday that the company has received Rs 123.45 crore as incentive for the financial year 2024 under the PLI scheme for telecom and networking projects. The company "Tejas Networks Limited has received an amount of Rs 123.45 crore as incentive for the financial year 2023-24 under the PLI (Production Linked Incentive) Scheme for Telecom and Networking Products from the Ministry of Communications, Department of Telecommunications - New Delhi on March 12, 2025.

This incentive received on March 12, 2025, is part of the government's initiative to promote domestic manufacturing and strengthen India's telecom infrastructure. Tejas Networks reported a tax profit of Rs 166 crore for the third quarter ended December 2024, as against Rs 275 crore in the quarter ended September 2024. This was a quarter-on-quarter decline of 40 per cent. Stock performance On Monday, the company's stock closed 2.68 per cent down at Rs 658. In the last one year, the company's stock has seen a decline of 2.21 per cent. The 52-week high of the stock is Rs 1,495.