Project award for Valiant's ransomware resilient, on-premises, key data center equipment by THDC

Valiant Communications Limited (VCL) announces the receipt of an order for ransomware resilient, on-premises, key data center equipment from THDC, (formerly Tehri Hydro Development Corporation Limited) a Mini Ratna Category-I Enterprise of the Government of India and a subsidiary of National Thermal Power Corporation Limited (NTPC).

THDC, a Critical Information Infrastructure (CII) organization is upgrading its data center with ransomware resilient, data center equipment that is offered by Valiant Communications Ltd., (VCL), a Class 1 manufacturer with its Made in India products and solutions. VCL offers its ransomware resilient data storage solutions designed for high throughput, low latency, mission-critical applications.

VCL data storage (on-premises) solutions are offered with customer application based with multiple layers of cyber security which include network isolation, quantum-safe encryption, data diodes and EMP protected data storage solutions that are specially designed for power sector, utilities, SCADA applications, government, financial, defence and critical infrastructure organizations.

Commenting on award of the project, Mr. Inder Mohan Sood, CEO said "We are very happy and excited as the new avenues open and opportunities continue to unfold. The growing need for ransomware resilient data storage is driven by the increasing frequency and sophistication of ransomware attacks. Organizations are placing ever-increasing emphasis on prioritizing data protection and recovery capabilities, and key strategies include immutable storage, secure onsite and offsite backups, and robust cybersecurity measures all of which, VCL is offering in its data storage solutions.

Data is projected to exceed 200 zettabytes by 2025 and over 100 zettabytes stored in the cloud' (source: https://cybersecurityventures.com/the-world-will-store-200-zettabytes-of-data-by-2025/ and spending fueled by generative AI expansion. The 'global data storage market size was valued at USD 218.33 billion in 2024. The market is projected to grow from USD 255.29 billion in 2025 to USD 774.00 billion by 2032, exhibiting a CAGR of 17.2% during the forecast period. (2024-2032).' (Source: https://www.fortunebusinessinsights.com/data-storage-market-102991)

Shares of VALIANT COMMUNICATIONS LTD. was last trading in BSE at Rs. 406.10 as compared to the previous close of Rs. 390.60. The total number of shares traded during the day was 13294 in over 253 trades.

The stock hit an intraday high of Rs. 428.00 and intraday low of 390.60. The net turnover during the day was Rs. 5371230.00.

Source : Equity Bulls

Keywords

VALIANTCOMMUNICATIONS INE760B01019 TelecomEquipment OrderWin RansomwareResilient THDC