Avantel Limited has received a Purchase Order worth of Rs 4.24 Crores dated July 13, 2023, from M/s. Mazagon Dock Shipbuilders Limited.
The order is pertaining to the supply, installation, and commissioning of UHF SATCOM Systems and the same is decided to be executed by July 2024.
Besides, the company released its financial results for Q1 for the Financial Year 23-24 with the revenue from operations reported at Rs 69 crores, an increase of 165% from Rs 26 Crores of revenues same period last year.
About Avantel
Founded in 1990, Avantel is a technology driven company that manufactures and sells telecom products and related services, customized solutions for INSAT based mobile satellite services with technologies for military applications, as well as two-way voice/data terminals, real time train information system, wireless communication products and solutions.
The company offers innovative, customized network centric solutions through products that comply with MIL standards for defence platforms including Ships / Submarines / Aircraft / Helicopters.
Image Courtesy: https://www.avantel.in/capabilities#satcom
