Valiant Communications bags another order of Rs19 crore from Tejas Networks; Stock spurts 5%

Valiant Communications has introduced the receipt of order for provide and commissioning of its indigenously developed and manufactured Communication, Safety and Synchronization options from Tejas Networks Restricted, a Tata Group firm.

The overall worth of the order is roughly Rs19 crore (Rs190 million) for the State Electrical energy Board of Madhya Pradesh masking over 400 energy sub-stations. 

Commenting on the above growth, Inder Mohan Sood, CEO stated, “We really feel happy with partnering with Tejas Networks for these alternatives of supplying its Communication, Safety and Synchronization options which have been designed, developed and manufactured indigenously.

We worth our relationship with Tejas, which is time confirmed now. Being indigenous producers, each Tejas and Valiant are pure companions in enterprise alternatives which might be notably arising within the Indian Public Sector out of the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives of our Hon’ble Prime Minister of India. Our efforts in R&D are starting to pay-off. Not solely is Valiant offering superior merchandise and expertise options to its prospects worldwide, however our cutting-edge expertise options are actually being provided for a number of the most superior, Data Expertise (IT) and Energy Sector purposes.

This demonstrates and reaffirms our imaginative and prescient to turn into the main producer and provider of communications, transmission, safety, synchronization and cyber safety merchandise and options, globally”.

He additional stated “These back-to-back successes additional strengthen our decade lengthy relationship with Tejas. It’s a testimony that our pure partnership is a successful mixture in all enterprise alternatives falling beneath ‘Make-in-India’ whereby, Tejas and Valiant compete as a group towards international MNCs. We count on the identical to be continued in different forthcoming alternatives in India and worldwide alternatives.”

At round 2:05 PM, Valiant Communications was buying and selling at Rs85.20 apiece up by Rs4.05 or 4.99% from its earlier closing of Rs81.15 apiece on the BSE.