Shares of Avantel Ltd rallied 5% on Wednesday, 17 September, after the corporate introduced securing an order value Rs 10 crore from Backyard Attain Shipbuilders Ltd.
Avantel has obtained a purchase order order for Rs 9.92 crore (together with taxes) from Backyard Attain Shipbuilders Restricted for Satcom merchandise, in response to an trade submitting. The order, which entails a 3% efficiency financial institution assure, is home in character and outlined as manufacturing. Execution is anticipated to be accomplished from 15 March to fifteen June 2026, in response to the enterprise.
Avantel has obtained an up to date buy order value Rs 9.88 crore from the Division of Atomic Vitality. In June, Avantel obtained two home orders for Rs 24.73 crore. The Defence Electronics Functions Laboratory received the primary contract at Rs 13.67 crore, whereas Mazagon Dock Shipbuilders awarded the second for Rs 11.06 crore.
Avantel is a publicly traded know-how agency that designs and manufactures communication options for the protection and telecom industries. It presents custom-made, network-centric wi-fi and satellite tv for pc communication options, similar to MIL-standard gadgets, digital microwave methods, sign processors, and embedded firmware/software program.
The corporate covers fields similar to defence platforms, plane, railway communication, and satellite-based companies through the use of its in-house analysis and improvement (R&D) infrastructure, which is acknowledged by the Authorities of India.
At 12:34 pm, the shares of Avantel have been buying and selling 0.28% greater at Rs 177.53 on NSE.
Uninterested in lacking sizzling shares? Unicorn Alerts gives highly effective instruments like inventory scans and extra enable you make knowledgeable buying and selling choices. Obtain now and take management of your portfolio!
