Valiant Communications has been technically qualified and has also secured the L1 status in recently concluded e-Reverse Auction by Power Grid Corporations of India (PGCIL).

The company has received L1 status for POWERGRID (Western Region-I) and POWERGRID (Southern Region -II). The company expects to execute these contacts with PGCIL in near term.

Valiant Communications is a manufacturer and exporter of a wide range of communication equipment, with successful installations in over 100 countries. Valiant provides communications equipment and solutions for Power Utilities, Oil & Gas Utilities, Railways/Metro Rail Networks, Airport Communications and Defence Networks.

Shares of the company gained Rs 4.5, or 4.97%, to trade at Rs 95.00. The total volume of shares traded was 30,303 at the BSE (2.25 p.m., Tuesday).