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Awaiting price reaction for this filing.
Valiant Communications Limited has received a purchase order from Power Grid Corporation of India Limited, a Government of India PSU, for the supply and commissioning of Communication and Protection solutions. The order is worth INR 281 Lacs (approximately INR 2.81 Crores) on a gross basis inclusive of applicable indirect taxes. The order is domestic in nature and is to be executed within the current financial year. There is no promoter or related party interest in the entity awarding the order.
This is a modest but positive addition to the company's order book from a reputed PSU client. While not a transformational win, it reinforces Valiant's standing in the domestic power sector communication and protection segment and provides revenue visibility for the current financial year.