A small correction on the PLI benefit. In the concall of Q3 FY 23 result. This is what the MD said. Quote:
“This can result into maximum eligible PLI incentives of close to 2800 Crores over the next five years of the PLI scheme, subject to of course we getting the higher revenues and so on” Unquote.
However your calculation on future revenues may turnout to be correct, if one is to consider the BSNL order of Rs. 15,700 where Tejas share could be quite high compared to the other partners, namely TCS and C-Dot. This is only my guess, as I have not seen anywhere what exactly will be Tejas’s share in the order. Of course, there will be balance order of some Rs 8000 Cr for the same 4G project and upgradation order for 5G.
Disc: Invested and largest holding in my portfolio
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