You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Avantel wins an order worth Rs 9 cr from Bharat Electronics

Capital Market 

Avantel received an order for an amount of Rs 9 crore from Bharat Electronics (BEL) for the supply & installation of Satcom equipment.

The company posted a 4.6% rise in net profit to Rs 3.44 crore on a 23.3% increase in net sales to Rs 15.44 crore in Q2 FY22 over Q2 FY21.

Avantel specializes in integrating technologies related to wireless front-end, Satellite Communication, Embedded systems, Signal Processing, Network management and Software development.

Shares of Avantel shed 0.66% to Rs 798 while Bharat Electronics (BEL) slipped 1.56% to Rs 211.80 on BSE

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, November 18 2021. 14:47 IST