Avantel to supply equipment to Boeing for $1.3 mn

IT firm Avantel today said it has entered a deal with the US-based aerospace major the Boeing Company for supply of airborne satellite communication equipment worth $1.3 million (about Rs 6 crore).

"The company has signed the contract with The Boeing Company, USA, to supply of airborne satellite communication equipment worth $1.3 million," Avantel Ltd said in a filing to the Bombay Stock Exchange (BSE).

Shares of Avantel were trading at Rs 52, up 8.22 per cent in the afternoon trade on BSE.