Published On:January 30 2024
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Valiant Communications Shares Surge Following ₹950 Lakhs Order Boost
Valiant Communications Ltd. experienced a significant uptick of 4.99 percent in its shares following the disclosure of substantial orders totaling over ₹950 lakhs. These orders are earmarked for the supply of Valiant's "Communication" and "Protection" solutions, with a global reach spanning power utilities in diverse regions, including India, the USA, and South America.
Inder Mohan Sood, the CEO of Valiant Communications, expressed the company's strategic expansion efforts, stating, “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 those from developed western countries.”
Highlighting the fruitful outcomes of Valiant's research and development initiatives, Sood emphasized that the company's cutting-edge technology solutions are gaining traction not only in the power sector but also in advanced Information Technology (IT) and Industrial Automation applications.
In a move to strengthen its position in the international power utility market, Valiant Communications has partnered with Tejas Networks, further enhancing its global reach and capabilities.
The surge in Valiant Communications' shares reflects investor optimism following these lucrative orders and the company's successful foray into providing advanced solutions to meet the evolving needs of the global power utilities sector.
HBL