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Contractors picked for $700m Kwinana Fwy upgrades

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Contractors picked for $700m Kwinana Fwy upgrades

A consortium of major contractors has been selected to deliver the $700 million Kwinana Freeway upgrade, which will increase capacity along the southern suburbs stretch.

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Tejas Networks shares zoom 13% after TCS’s Rs 1,537-crore LOI for BSNL 4G rollout

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Tejas Networks shares rallied nearly 13% on Friday after the company announced a potential Rs 1,537-crore opportunity from Tata Consultancy Services (TCS).

The stock hit an intraday high of Rs 576.85 on the NSE, up Rs 65.7, or 12.8%, from its previous close of Rs 511.15.

In an exchange filing dated August 27, Tejas Networks said it had received a “Letter of Intent” from TCS to supply RAN equipment, accessories and installation materials for BSNL’s 4G network.

The proposed project covers 18,685 sites and is valued at Rs 1,537 crore. A detailed purchase order for the contract would be issued by TCS to the company in due course, Tejas Networks added in the filing.

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In May 2025, TCS had secured an add-on purchase order worth Rs 2,903.22 crore from BSNL for deploying 18,685 4G network sites. Under the order, TCS was tasked with planning, engineering, supply, installation, testing, commissioning and annual maintenance of the sites.


The latest order is part of TCS’s broader role in BSNL’s indigenous 4G rollout. In May 2023, TCS, in partnership with the government’s Centre for Development of Telematics (C-DOT), secured a Rs 15,000-crore contract from BSNL to deploy an end-to-end indigenous 4G network.

Tejas Networks share price

Over the past month, the stock climbed 12.75%, comfortably outpacing its benchmark’s 1.68% gain. Tejas Networks’ free-float market capitalisation stood at Rs 4,641.57 crore, while its face value was Rs 10.

Tejas Networks Q1 results

Tejas Networks’ Q1 FY27 performance showed strong revenue growth but continued pressure on profitability. Revenue rose 99.1% year-on-year to Rs 402.16 crore from Rs 201.98 crore a year earlier. However, the company reported a net loss of Rs 202.24 crore, compared with a loss of Rs 193.87 crore in the year-ago quarter. Its operating EBITDA loss stood at Rs 91.39 crore.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Small-Cap Stocks Step Out Of Big Tech’s Shadow

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Don’t Confuse Small-Cap Benchmark With Small-Cap Strategy

Small Cap write on sticky notes isolated on Office Desk. Stock market concept

syahrir maulana/iStock via Getty Images

By Samantha S. Lau, CFA & James MacGregor, CFA

Beyond the AI battleground issues, the rebound in smaller stocks points to broader return potential.

In markets that have faced multiple sources of uncertainty this

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SomnoMed Limited (SOMNF) Q4 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript