The work contract is received from IHQ, MoD (Navy) for AMC of Satcom Systems.
Avantel Ltd. was established to offer telecom products and software solutions. Avantel is actively involved in design and development of products based on High Power Broad band Wireless, Satellite services.
On Monday, the stocks hit record high at Rs800 per piece.
At around 3:07 PM, Avantel was trading at Rs777.05 per piece up by Rs48.6 or 6.67% from its previous closing of Rs728.45 pere piece on the BSE.