New Delhi, March 13 -- Tejas Networks has received Rs.123.45 crore as incentive for FY24 under PLI Scheme for telecom and networking products. The Tata-Group backed company reported a six-times jump in consolidated revenue from operations at Rs.2,811 crore in Q2FY25 compared to Rs.396 crore during the same period last year.

In the September quarter, Tejas Networks' revenue mix was primarily driven by India's private sector contributions, accounting for 93% of total revenue, a significant 13.7x YoY growth, largely due to BSNL 4G-related shipments to TCS. In contrast, the India-government segment contributed 4%, reflecting a 5% YoY decline, while international revenues comprised 3%, marking a 3% YoY decline, mainly from key shipments to Af...