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Hot Pursuit
12-Jun-23
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Avantel spurts on bagging order
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Avantel jumped 6.29% to Rs 636 after the company said it secured a contract worth of Rs 54.38 crore from the Ministry of Defence, Coast Guard Headquarters, New Delhi.
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The contract is for supplying SATCOM terminals and hub stations. The order is to be executed by September 2024.
Avantel specializes in providing strategic solutions to the Indian Defence Services and related establishments. It has developed and manufactured various radio components and unique products su ch as Satellite Communications, HF Communications, Electronic Warfare, and Radar systems. Currently, Avantel is working on expanding its portfolio by developing SCA-compliant Software Defined Radios, High Power HF systems, Air Defence Radars, and Small Satellites.
On a consolidated basis, net profit of Avantel rose 59.38% to Rs 9.69 crore on 12.46% rise in net sales to Rs 52.53 crore in Q4 March 2023 over Q4 March 2022.
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Previous News |
Avantel wins order of Rs 67.92 cr
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Corporate News
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21-Aug-24
18:28
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Board of Avantel recommends Final Dividend
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Corporate News
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25-Apr-24
14:27
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Avantel standalone net profit declines 80.92% in the September 2018 quarter
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Results
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Announcements
25-Oct-18
17:16
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Avantel
(
Results
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Analysis
14-Jul-23
05:52
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Avantel to hold board meeting
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Corporate News
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29-Sep-23
11:38
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Avantel to declare dividend
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Corporate News
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03-Oct-19
16:10
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Avantel net profit declines 38.80% in the December 2012 quarter
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Results
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Announcements
31-Jan-13
19:55
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Avantel to hold board meeting
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Corporate News
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31-Aug-16
16:51
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Board of Avantel approves buyback of equity shares
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Corporate News
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31-Jul-14
21:14
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Avantel reports net loss of Rs 0.27 crore in the September 2009 quarter
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Results
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Announcements
04-Nov-09
19:08
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Avantel
(
Results
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Analysis
13-Apr-23
21:27
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