Valiant Communications Ltd bags orders for more than INR 950 lacs

Valiant Communications [BSE: 526775] announces the receipt of orders of over INR 950 lacs for supply of its indigenously developed and manufactured "Communication" and "Protection" solutions for various power utilities across the globe including India, USA and South America.

Commenting on the above development, Mr. Inder Mohan Sood, CEO said, "We are expanding our business partnerships not only in India but at the international level also. The time proven successful installations of our equipment are now being recognized by global power utilities including from the developed western countries. It gives us immense pride to know that our indigenously developed and manufactured Communication, Protection solutions are successfully installed with satisfactory operation since 2017 at a nuclear power plant in Switzerland, the home country of various foreign MNCs of the same business domain.

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 for some of the most advanced, Information Technology (IT), Industrial Automation 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.

Whereas, being the indigenous manufacturer, Valiant is a natural partner in business opportunities that are notably arising in the Indian Public Sector out of the 'Make in India' and 'Atmanirbhar Bharat' initiatives of our Hon'ble Prime Minister of India."

Valiant has also partnered with Tejas Networks, for power utility business in international markets. Given the global reach of the Tata Group, the management is optimistic about the outcome about such global opportunities.

Shares of VALIANT COMMUNICATIONS LTD. was last trading in BSE at Rs. 345.75 as compared to the previous close of Rs. 329.30. The total number of shares traded during the day was 5414 in over 51 trades.

The stock hit an intraday high of Rs. 345.75 and intraday low of 345.75. The net turnover during the day was Rs. 1871890.00.

Source : Equity Bulls

Keywords

VALIANTCOMMUNICATIONS INE760B01019 OrderWin