Valiant Communications inches up on receiving pilot order from Grid Controller of India
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Valiant Communications is currently trading at Rs. 252.35, up by 0.95 points or 0.38% from its previous closing of Rs. 251.40 on the BSE.
The scrip opened at Rs. 241.00 and has touched a high and low of Rs. 255.00 and Rs. 240.00 respectively. So far 2965 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 270.00 on 18-Aug-2023 and a 52 week low of Rs. 105.00 on 19-Aug-2022.
Last one week high and low of the scrip stood at Rs. 270.00 and Rs. 224.40 respectively. The current market cap of the company is Rs. 182.54 crore.
The promoters holding in the company stood at 46.38%, while Non-Institutions held 53.62% stake in the company.
Valiant Communications has received pilot order from the Grid Controller of India (formerly known as POSOCO) a Government of India Enterprise, for its Cyber Security equipment for deployment in power grid network in India. Since Grid Controller of India is the apex body and the National Load Despatch Centre, it supervises over the Regional Load Despatch Centres and monitors the operations and grid security of the National Grid, the scale of the opportunity is large.
The initially selected products by the Grid Controller of India are designed based on the guidelines of the Central Electricity Authority (CEA) on ‘Cyber Security in Power Sector Guidelines, 2021’ with a need to detect undetected intrusions that result from firewall breaches, the presence of Trojans which can be planted or introduced from within, detect any unlawful and unwarranted activities that may already be taking place within the network that would open holes for back-door entry from within the existing firewalls resulting in a cyber-attack or ransomware attacks. The selected products also enable in creating isolation zones / ‘hard isolation of OT Systems’ in case of cyberattacks / ransomware-attacks or unauthorized network intrusions.
Valiant Communications is an equipment manufacturer of telecom transmission equipment and solutions with installations in over 90 countries, worldwide. Valiant's technological strengths span a wide section of the telecom transmission area including Protection Switching solutions.
