Intimation of work order received from Hindustan Aeronautics Limited.
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Takyon Networks Ltd has bagged a work order from Hindustan Aeronautics Limited (HAL), Kanpur, a defence PSU under the Ministry of Defence. The order is for the supply and installation of a Network Core Switch. It is a domestic order valued at Rs. 47.14 Lakhs, with 100% payment due within 30 days of installation and commissioning. The company has confirmed that the order is not a related party transaction and promoters have no interest in HAL.
The order value is small and unlikely to move the needle on revenue, but securing a work order from a reputed defence PSU like HAL adds credibility and may open doors to larger defence-sector contracts in the future.