Avantel bags ₹1.76 Crore Satcom Products order from BEL
Avantel Limited has announced the receipt of a significant Purchase Order worth ₹1.76 Crores (excluding taxes) from M/s. Bharat Electronics Limited for the supply of Satcom Products. The order was dat...
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Why is Avantel Limited in the news today?
Avantel Limited (AVANTEL) is in the news due to the company has secured a new order, which is generally positive for business growth and revenue.
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Avantel bags ₹1.76 Crore Satcom Products order from BEL
January 2, 2026, 05:59 AM
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Avantel Limited has announced the receipt of a significant Purchase Order worth ₹1.76 Crores (excluding taxes) from M/s. Bharat Electronics Limited for the supply of Satcom Products. The order was dated January 1, 2025.
The order is for manufacturing and is to be executed by July 2026. The terms include a Performance Bank Guarantee of 5% of the order value.
This is a domestic order awarded by a domestic entity. The company has confirmed that promoters or group companies do not have any interest in Bharat Electronics Limited, and the transaction does not fall under related party transactions. The details of this order are available on the company's website.
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