Valiant Communications Surges 10% After Securing LOI for GETCO Project in JV with Tejas Networks

Summary:

Valiant Communications has announced that its joint venture with Tejas Networks Limited, has received a Letter of Intent (LOI) from Gujarat Energy Transmission Corporation (GETCO). Valiant’s scope includes supplying and commissioning Communication, Protection, and Synchronization equipment for GETCO, with an approximate gross value of Rs.3,900 Lacs.

Stock Performance:
  • Following the announcement, the stock hit the 10% upper circuit, reaching an intraday high of Rs. 424.00.
  • Market Cap: Rs. 323.43 Cr.

Key Data Points:
  • Company: Valiant Communications Limited
  • Joint Venture Partner: Tejas Networks Limited (A Tata Group Company)
  • Order Value (Valiant’s Portion): INR 3,900 Lacs
  • Scope of Work: Supply and commissioning of Communication, Protection, and Synchronization equipment
  • Client: Gujarat Energy Transmission Corporation (GETCO)
  • LOI Issued To: Tejas Networks (Lead Bidder)

About The Company:

Valiant Communications is a manufacturer and exporter of a wide range of communications, transmission, protection, synchronization, NAS data storage equipment and cyber security products. It is an approved manufacturer to some of the major power utilities including Power Grid Corporation (India) and various National and State Electricity Boards.

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