Valiant Communications receives orders of INR 15 Crores from Tejas Networks

Valiant Communications [BSE: 526775] announces the receipt of orders for supply commissioning of its Communication, Protection and Automatic Ethernet Failover solutions from Tejas Networks Limited [NSE: TEJASNET], a Tata Group company. The total value of the orders exceeds INR 15 Crores (INR 150 million) for the State Electricity Boards of India of Karnataka, Telangana and Punjab.

Commenting on the above development, Mr. Inder Mohan Sood, CEO said, "Valiant is proud of being partner with Tejas Networks for these opportunities of supplying its Communication, Protection, Automatic Ethernet Failover and Cyber Security Suite solutions, manufactured and supplied under the 'Make India' and 'Atmanirbhar Bharat' initiatives of Hon'ble Prime Minister of India.

Our efforts in R&D are beginning to pay-off. Not only is Valiant providing advanced products and technology solutions to its customers worldwide, but our cutting-edge technology solutions are now being offered in some of the most advanced, Information Technology (IT) and Power Sector applications. This demonstrates and reaffirms our vision to become the leading manufacturer and supplier of communications, transmission, protection, synchronization and cyber security products and solutions, globally. We are in the process of scaling these opportunities to show accelerated growth."

Mr. Chetan Vaidya, Vice President from Tejas Networks, India, said "We value our relationship with Valiant Communications, which is more than a decade old now. Tejas is a manufacturer of leading-edge telecom equipment used for Smart Grids and modernization of power sector communication. Valiant's tele-protection products are an important part of our solution. Being indigenous manufacturers, both Tejas and Valiant are natural partners in business opportunities falling under the 'Make in India' for the Indian Public Sector. We are delighted to partner with Valiant not only in this business opportunity but also various other ongoing opportunities which are unfolding."

Shares of Tejas Networks Limited was last trading in BSE at Rs. 404.70 as compared to the previous close of Rs. 385.45. The total number of shares traded during the day was 21034 in over 577 trades.

The stock hit an intraday high of Rs. 404.70 and intraday low of 389.65. The net turnover during the day was Rs. 8420656.00.

Shares of VALIANT COMMUNICATIONS LTD. was last trading in BSE at Rs. 68.60 as compared to the previous close of Rs. 69.40. The total number of shares traded during the day was 1501 in over 34 trades.

The stock hit an intraday high of Rs. 70.60 and intraday low of 68.55. The net turnover during the day was Rs. 104221.00.

Source : Equity Bulls

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TejasNetworks INE010J01012 VALIANTCOMMUNICATIONS INE760B01019 OrderWin