The order is for the supply of Satcom Equipment. The announcement was during market hours today.
Avantel specializes in integrating technologies related to wireless front-end, Satellite Communication, Embedded systems, Signal Processing, Network management and Software development.
The companys net profit rose 13.08% to Rs 5.62 crore on a 16.41% rise in sales to Rs 29.09 crore in Q3 FY22 over Q3 FY21.
In the past three months, the stock has gained 35.79% while the benchmark Sensex has added 2.08% during the same period.
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