Introduction:
Leading Tata Group company, in a joint venture, has received a Letter of Intent from Gujarat Energy Transmission Corporation for Project 2. This follows a prior project announcement, strengthening power transmission infrastructure through advanced Communication, Protection, and Synchronization solutions in Gujarat.
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Share price movement of Valiant Communications:
On March 24, 2025, Valiant Communications Ltd opened at ₹398.70, up 3.34% from its previous close of ₹385.80. The stock reached a high of ₹424.00 (9.86%) and a low of ₹396.50. By 1:26 PM, it traded at ₹417.00, an 8.09% increase, with a market cap of ₹318.09 crore.
Valiant Communications Secures GETCO Project 2 LOI:
Valiant Communications, in a joint venture with Tejas Networks, a Tata Group company, has received a Letter of Intent (LOI) from Gujarat Energy Transmission Corporation (GETCO) for Project 2. This follows their earlier Project 1 announcement on January 10, 2025.
As the lead bidder, the LOI is issued to Tejas Networks. Valiant’s portion is valued at ₹3,900 lakh, covering the supply and commissioning of Communication, Protection, and Synchronization equipment. This initiative strengthens GETCO’s infrastructure and enhances power transmission capabilities across Gujarat.
The official purchase order and contract details will follow due process. Valiant Communications remains committed to delivering high-quality solutions for GETCO. This collaboration with Tejas Networks further solidifies its position in India’s power transmission sector, driving innovation and efficiency.
Stock performance of Valiant Communications for Period of 1 week, 6 months, and 1 year:
Valiant Communications Ltd delivered a 10.8% gain over the past week but faced a 43.5% decline over six months. The stock has increased 4.22% over the past one year, reflecting recovery.
Shareholding pattern of Valiant Communications:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 42% | 42% | 43% |
| FII | 0% | 0% | 0% |
| DII | 0.00% | 0.80% | 0.80% |
| Public | 58% | 57% | 56% |
About Valiant Communications:
Valiant Communications Ltd (BSE: 526775), incorporated in 1993, manufactures communication, transmission, protection, and cybersecurity equipment for power and other utilities. An ISO-certified company, it has installations in over 110 countries, providing advanced solutions for global infrastructure needs.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
