Tejas Networks won an expansion order of Rs 336 crores from BSNL for BharatNet. A part of the order will be completing of the additional work on phase-I, while the remaining is for the phase II, said Sanjay Nayak, MD & CEO of Tejas Networks. "We do expect to have lot more orders during the next fiscal,” he said.

He further added that the order is expected to get executed in the next one-two quarters as the project is on fast track. "We should continue to see healthy margins on this order."

BharatNet's phase I was for about 100,000 villages. Whereas, two sets of orders will be coming out for phase II. The overall investments in BharatNet phase-II is expected to be around Rs 3000- Rs 4000 crore which may be completed between FY19 and FY20.

With this, the company estimates a growth rate of 40-50% in FY19 and significant part of FY18’s shortfall will get covered in FY19.

First Published:Mar 28, 2018 9:56 AM IST