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Awaiting price reaction for this filing.
Valiant Communications has received a Letter of Intent from Transmission Corporation of Telangana Limited (TGTRANSCO), a domestic state power transmission utility, for the supply and commissioning of Protection Equipment. The order is valued at INR 632 Lacs (inclusive of taxes), roughly INR 6.32 Crores. The company must complete the supply and commissioning by 30 May 2026. There is no promoter or related party interest in TGTRANSCO, and the transaction is at arm's length.
This is a modest new order win from a state-owned power transmission utility, adding to the company's order book. The value is relatively small and execution is spread over about six months, so near-term revenue impact is limited but it reinforces Valiant's presence in the domestic power transmission equipment segment.