Shares of Tejas Networks Ltd surged as much as 6% on Thursday, February 26, after the company announced that it has entered into an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios.
The development triggered renewed investor interest in the stock, which has faced sustained pressure in recent months.
Agreement to Manufacture 5G Massive MIMO Radios
Tejas Networks stated that it will manufacture and supply advanced 5G massive MIMO radios as part of its agreement with NEC Corporation. The company offers a comprehensive portfolio of mobility products, including 4G and 5G radio access networks.Its product suite includes high capacity e2TR and 64TR massive MIMO radios that comply with both 3GPP and O RAN standards. These solutions are designed to support next generation telecom infrastructure and enhance wireless network performance.
Leadership Commentary on Strategic Collaboration
Arnob Roy, Chief Operating Officer of Tejas Networks, said the partnership with NEC will accelerate wireless innovation by combining the strengths of both companies in developing carrier class products for global telecom operators.Masayuki Kayahara, Corporate Senior Vice President of the Global Network Division at NEC Corporation, described the agreement as a milestone that further strengthens collaboration on 5G massive MIMO radios. He added that the partnership supports supply chain diversification and helps mitigate risks for customers by building a resilient and flexible global ecosystem.
Stock Performance Snapshot
Tejas Networks shares were trading at ₹334.35 on Thursday, up 5.2% during the session.Despite the latest rally, the stock has been under significant pressure. It has declined more than 60% in 2025 so far, making it the worst performing stock on the Smallcap index this year. The shares have also fallen an additional 25% during the first two months of the year.
The agreement with NEC Corporation marks a notable development for the company amid a challenging phase for its stock performance.
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