Tejas Networks won big with BSNL—so why is it losing money now?

What began as a milestone year in 2024–25 for Tejas Networks Ltd—with the Tata group-backed telecom gear maker deploying a 4G network across about 100,000 sites for state-owned Bharat Sanchar Nigam Ltd (BSNL)—has given way to a prolonged financial struggle, as a delay in a critical order weighs on earnings.

For nearly a year, the Bengaluru-based firm has been waiting for BSNL’s ₹1,526 crore “add-on” order for 18,685 additional sites.