Bharat Electronics awards major Purchase Order to Avantel Ltd
Bharat Electronics Ltd has awarded a major purchase order to Avantel Ltd for the supply of Satcom Products. With this the shares of BEL are surged over by 1.17% with good trading value.
New Delhi: State-owned Bharat Electronics Ltd has awarded a major purchase order to Avantel Ltd for the supply of Satcom Products. With this the shares of BEL are surged over by 1.17% with good trading value.
In an exchange filing, the Avantel Ltd announced that it has received a Purchase Order worth of Rs.1.76 Crores (Excl. Taxes) dated January 1, 2025, for supply of Satcom Products from M/s. Bharat Electronics Limited.
The time period by which the order will be executed is July 2026.
Avantel Ltd designs and manufactures advanced wireless and satellite communication products, defense electronics, and network management software, especially for India's aerospace and defense sectors, supporting critical platforms like ships, submarines, and aircraft with indigenous, secure communication solutions and moving into healthcare tech and antennas