Shares of Valiant Communications surged 9.90% to ₹424 in Monday’s early trade, following the company’s announcement of a major project win from Gujarat Energy Transmission Corporation (GETCO). The stock opened at ₹396.50 and quickly hit the day’s high of ₹424, reflecting strong investor interest and optimism.
Valiant, in a joint venture with Tata Group’s Tejas Networks, has received a Letter of Intent (LOI) from GETCO for Project #2—marking their second major collaboration with the Gujarat-based power utility. This follows Project #1, which was awarded on January 10, 2025. Tejas Networks is the lead bidder in the JV.
Valiant’s share in the new project is approximately ₹39 crore. The company will supply and commission communication, protection, and synchronization equipment under the Make in India and Atmanirbhar Bharat initiatives.
CEO Inder Mohan Sood said the development reflects the government’s support for indigenous manufacturers. Valiant also noted that the official purchase order and full contract terms will be disclosed in line with SEBI regulations.
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