Tejas Networks Ltd has received ₹189.16 crore as PLI for FY2025, the company informed the stock exchanges on Sunday.
According to the disclosure, Tejas Networks received the sum from the Ministry of Communications, Department of Telecommunications, New Delhi under the Production Linked Incentive Scheme for Telecom and Networking Products.
“The said amount is the first tranche, amounting to 85 per cent, of the incentive for the first two quarters of FY 2024-2025 and the balance amount is expected to be released subsequently in accordance with the Production Linked Incentive Scheme Guidelines,” the company added.
The stock closed 2.16 per cent lower on the BSE on Friday at ₹759.95. Trading operations will resume on April 1, 2025, Tuesday.