Mumbai, 1 December 2025 – Shares of Tejas Networks Ltd (TEJASNET) jumped as much as 5.8% to ₹523 after the telecom products maker received ₹849.5 million ($9.5 million) from the Ministry of Communications under the production-linked incentive (PLI) scheme for telecom and networking products.

The company said the amount represents the first tranche, covering up to 85% of the eligible incentive for Q4 of FY 2024-25.

Trading volumes surged, with more than 2 million shares exchanged by 9:40 A.M. IST, exceeding the 30-day average of 1.2 million shares. The stock was last up 3.7%, reducing its year-to-date losses to 58.3%.