Defense Business and Industry

Avantel Ltd Secures Orders from Navy, BEL

Avantel Ltd has secured significant domestic orders amounting to ₹12.77 crores from the Indian Navy and Bharat Electronics Limited, focusing on Satcom Systems and Power Amplifiers. The Indian Navy’s contract, valued at ₹3.95 crores, is to be executed by September 2026, while Bharat Electronics has placed an order for ₹8.82 crores to be fulfilled by March 2026. With a robust market capitalization and strong financial metrics, Avantel is positioned to capitalize on increasing defense spending. This development underscores the increasing reliance on indigenous defense capabilities, strengthening India’s self-reliance in defense manufacturing and supporting the government’s push for a robust domestic defense industry.

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