CyanConnode said on Wednesday it received an order for 300,000 Omnimesh modules from Dakshin Gujarat Smart Metering Private Ltd.
Shares in the Cambridge, England-based narrowband radio frequency mesh networks provider were up 13% at 15.47 pence each in London on Wednesday morning.
CyanConnode said the order will support the deployment of smart metering for Daksjin Gujarat a power distribution utility in Gujarat, India, and subsidiary of New Delhi-based metering and digital solutions provider, IntelliSmart Infrastructure Private Ltd.
CyanConnode Holdings plc (LON:CYAN) is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications.