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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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