Valiant receives Purchase Orders of INR 847 Lacs

Valiant Communications [BSE: 526775] announces the receipt of Purchase Orders from System Integrators from private sectors for supply of its Communication, Protection and Synchronization equipment. The gross value of the purchase order is INR 847 Lacs. Whereas the end-users for the awarded project are Indian State Electricity Boards (SEBs).

Commenting on the above development, Mr. Inder Mohan Sood, CEO said, "The time proven successful installations of our equipment are now being recognized by global power utilities including the developed western countries. It gives us immense pride to know that our indigenously developed and manufactured Communication, Protection and Synchronization products 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. 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 notably a natural partner for multiple System Integrators for the business opportunities that are arising in the Indian Public Sector out of the 'Make in India' and 'Atmanirbhar Bharat' initiatives of our Hon'ble Prime Minister of India.

As there are many other opportunities which are at finalization stage in near-term, we believe the continuum momentum of accelerated growth."

Shares of VALIANT COMMUNICATIONS LTD. was last trading in BSE at Rs. 918.60 as compared to the previous close of Rs. 875.85. The total number of shares traded during the day was 19467 in over 586 trades.

The stock hit an intraday high of Rs. 919.60 and intraday low of 833.00. The net turnover during the day was Rs. 16807510.00.

Source : Equity Bulls

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