Takyon Networks bags Rs 1.43 cr order from HAL for IT network upgrade

Govt Defence OrderBusiness Updates View source PDF

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AI summary

Takyon Networks has received a work order worth Rs 1.43 crore from Hindustan Aeronautics Limited (HAL), a government-owned defence PSU, for upgrading IT Network. The domestic order is to be executed within 120 days. The transaction is not a related party deal and promoters have no interest in HAL.

Likely market impact

Positive: Order win from a prestigious defence PSU adds to the order book. Deal size is modest at around Rs 1.43 crore.