Shares of advanced in Monday's trade after the company announced a contract win. The stock climbed 2.03 per cent to hit a day high of Rs 549.75 on BSE.

The Bengaluru-based company stated that it has been selected by PowerGrid Teleservices (PowerTel), a subsidiary of Power Grid Corporation of India Ltd (PGCIL), for a Telecom Capacity Augmentation Project. The initiative involves implementing a next-generation software-defined networking (SDN)-based dense wavelength division multiplexing (DWDM) system across PowerTel's pan-India network. Advertisement

The project includes network design, supply, installation, testing, commissioning and integration of a 400Gbps DWDM system at new greenfield sites and for upgrading existing links. Tejas Networks will deploy its multi-terabit TJ1600 DWDM/OTN

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