Avantel Ltd Secures Rs.1.76 Crore Order from Bharat Electronics
Filing Summary
Avantel Ltd has received a purchase order valued at Rs.1.76 Crores from M/s. Bharat Electronics Limited. The order, dated January 1, 2025, involves the supply of Satcom Products. The contract specifies a performance bank guarantee of 5 percent and is to be executed by July 2026. The transaction is domestic in nature and does not involve any related party transactions. Avantel Ltd is a company focused on manufacturing and technology solutions, while Bharat Electronics is a key player in the electronics sector.
Avantel Ltd has announced the receipt of a purchase order worth Rs.1.76 Crores from M/s. Bharat Electronics Limited. The order, dated January 1, 2025, is for the supply of Satcom Products. This transaction is reported under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The purchase order requires Avantel Ltd to provide a performance bank guarantee of 5 percent. The order is classified as a domestic transaction and is expected to be executed by July 2026. The order does not involve any related party transactions, and there is no interest from the promoter or promoter group in the entity awarding the contract.
The details of the order were disclosed in compliance with the SEBI circular dated September 9, 2015, and the subsequent circular dated July 13, 2023. Avantel Ltd has made this information available on its official website.
Bharat Electronics Limited is a prominent entity in the electronics sector, focusing on the development and manufacture of advanced electronic products for various sectors. The company is known for its contributions to the defense and aerospace industries, providing a range of solutions and products.
Avantel Ltd is engaged in the manufacturing and technology solutions sector, with a focus on delivering innovative products and services. The company is committed to maintaining high standards of quality and performance in its offerings, as evidenced by its certifications such as AS 9100D and ISO 9001:2015.