Hot Pursuit     30-Sep-24
Avantel spurts on bagging order worth Rs 44 cr from Larsen & Toubro
Avantel zoomed 9% to Rs 197.05 after the company informed that it has received a purchase order for an amount of Rs 44.49 crore from Larsen & Toubro (L&T) for the supply of satcom systems.
Shares of Larsen & Toubro (L&T) fell 0.33% to currently trade at Rs 3,693.45 on the BSE.

The contract includes supply of satcom systems. The said contract is expected to be executed by March 2025.

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 such 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.

The company's consolidated net profit declined 7.9% to Rs 7.38 crore on 24.9% fall in net sales to Rs 51.76 crore in Q1 FY25 over Q1 FY24.

Previous News
  Larsen & Toubro gains as board to mull fund raising on 21 March
 ( Hot Pursuit - 19-Mar-25   14:57 )
  Larsen & Toubro to hold board meeting
 ( Corporate News - 19-Mar-25   09:47 )
  Larsen & Toubro consolidated net profit rises 13.96% in the December 2024 quarter
 ( Results - Announcements 18-Mar-25   07:35 )
  L&T secures 'large' order for desalination plant in Saudi Arabia
 ( Hot Pursuit - 13-Mar-25   11:36 )
  Larsen & Toubro's water & effluent treatment biz win order in Saudi Arabia
 ( Corporate News - 13-Mar-25   11:06 )
  Larsen & Toubro
 ( Analyst Meet / AGM - Conference Call 09-Mar-25   23:55 )
  L&T’s Building & Factories division bags ‘significant’ order for construction of residential towers
 ( Hot Pursuit - 05-Mar-25   11:26 )
  Larsen & Toubro to construct residential towers in Mumbai, Bangalore and Chennai
 ( Corporate News - 05-Mar-25   10:30 )
  Larsen & Toubro wins orders for its power transmission and distribution biz
 ( Corporate News - 03-Mar-25   14:26 )
  Nifty trades below 22,100; metal shares lose sheen
 ( Market Commentary - Mid-Session 03-Mar-25   12:35 )
  Larsen & Toubro update on composite scheme of amalgamation
 ( Corporate News - 01-Mar-25   11:11 )
Other Stories
  Steel Exchange India jumps after increasing production capacity at Andhra Pradesh plant
  19-Mar-25   16:02
  Ixigo rises on collaborating with Amadeus to enhance airline content
  19-Mar-25   15:46
  Juniper Hotels gains after inking pact with Jenipro Hotels to develop hotel/resort in Assam
  19-Mar-25   15:11
  NTPC jumps on plan to raise funds via debentures
  19-Mar-25   15:09
  Atishay gains on bagging micro ATM order
  19-Mar-25   15:05
  Mastek Ltd leads losers in 'A' group
  19-Mar-25   15:01
  Larsen & Toubro gains as board to mull fund raising on 21 March
  19-Mar-25   14:57
  Uravi Defence & Technology Ltd leads losers in 'B' group
  19-Mar-25   14:46
  Oriental Rail Infra hits the roof after bagging Rs 2-cr order from Indian Railways
  19-Mar-25   14:39
  Aurobindo Pharma jumps as Telangana unit gets VAI status from USFDA
  19-Mar-25   14:35
Back Top