Valiant Communications has received orders from Power Grid Corporation of India (PGCIL) worth Rs 80.3 million.
This order is for supply, installation and commissioning for communication equipment package (PDH Equipment), for West Bengal State Electricity Distribution Company (WBSETCL) and Jharkhand (Jharkhand State Electricity Board) consultancy projects.
Earlier, the company had received the product approval from the Delhi Transco (an undertaking of Govt. of NCT of Delhi) for its product digital tele-protection signaling.
Shares of the company gained Rs 11.65, or 15.59%, to trade at Rs 86.40. The total volume of shares traded was 82,515 at the BSE (10.27 a.m., Wednesday).