Avantel Bags Inr 10 39cr Order For Satcom Equipment From Indian Navy

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

Avantel bags INR 10.39Cr order for SATCOM equipment from Indian Navy

ri-calendar-2-lineOct 9, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

Avantel, a prominent communication services company, has secured a significant supply order valued at INR 10.39 crore from Material Organisation, Mumbai, an arm of the Indian Navy. The contract entails the provision of SATCOM Equipment, with delivery scheduled within the next 12 months. Last month, Avantel had announced that its board would convene on October 9 to deliberate on the proposal for issuing bonus shares in conjunction with the quarterly financial results.

 

Specializing in the design, development, and maintenance of wireless and satellite communication products, defence electronics, radar systems, and network management software applications, Avantel primarily serves clients in the aerospace and defence sectors.

 

Earlier today, the small-cap stock concluded at INR 271.85, marking a 4 percent decline. Despite this, the stock has been among the top performers in the current calendar year, generating a remarkable return of 254.53 percent year-to-date. Over the past decade, it has witnessed an astounding surge of 10,043.66 percent.

 

As per a recent ICRA report, private sector entities are anticipated to secure defence contracts amounting to INR 60,000 crore in the fiscal year 2024-2025, constituting roughly 22 percent of the industry's overall magnitude. The report also forecasts a compound annual growth rate of approximately 20 percent in defence production over the next three years, projecting it to reach INR 34,000 crore by FY2026.

Related News

News Thumbnail
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

News Thumbnail
Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

News Thumbnail
Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

News Thumbnail
Company

NBCC Arm Gets Two Construction Projects Worth Rs 443.61 Cr

4 mins read. August 2, 2024 at 12:33 PM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions