Avantel Secures Rs 10.11 Cr HAL Order for Satcom Equipment

Hey there, finance enthusiasts! 👋 Let’s dive into some exciting news from the Indian defense and technology sector. Avantel Limited (Symbol: AVANTEL) has just announced a significant new order that’s set to boost its manufacturing prowess.

The company has bagged a substantial contract worth Rs 10.11 Crores (including taxes) from none other than Hindustan Aeronautics Limited (HAL), a cornerstone of India’s aerospace industry. This isn’t just any order; it’s for the supply of Satcom Equipment - Airborne Version. Think cutting-edge communication technology for aircraft! ✈️📡

This is a purely domestic contract, highlighting Avantel’s role in strengthening India’s self-reliance in defense manufacturing. The nature of the order is manufacturing, which means Avantel will be producing these specialized units right here at home.

The company expects to execute this order by August 10, 2026, giving us a clear timeline for this project. Plus, the equipment comes with a 24-month warranty from the date of acceptance, ensuring quality and reliability.

For context, Avantel’s stock was last traded at Rs 133.25, showing a slight dip of 1.3%. This new order from a prestigious client like HAL underscores Avantel’s capabilities and its growing presence in the critical defense communication segment. It’s always great to see Indian companies contributing to our nation’s strategic capabilities! 🇮🇳

Stay tuned for more updates from the corporate world! ✨

source: Corporate Announcement

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