India's Avantel rises after $1.42 million contract from Bharat Electronics

Avantel

18/09/2025 08:28

** Shares of India's Avantel AVAN.NS rise 1.44% to 179.4 rupees

** The communication systems manufacturer receives 125.1 million rupees ($1.42 million) order from Bharat Electronics BAJE.NS to supply satellite communication products

** Order to be executed by March 2026

** YTD, Avantel shares up ~23%

($1 = 88.1375 Indian rupees)

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))