Satcom, defence electronics manufacturer Avantel Limited received a Rate Contract worth of ₹4.6 billion from Zetwerk Manufacturing Businesses Limited for Supply and Annual Maintenance Contract (AMC) of Satellite Communication Equipment’s.
Following this significant order, the stock price of Avantel shot up approximately 12% as of March 25. You can check the live stock price here.
The order covers supply of Satellite Communication equipment, along with One Year Comprehensive Onsite Warranty and Five Years Comprehensive Annual Maintenance Contract (AMC) Support.
Time period for this contract is set for 3 years, by which, Avantel has to execute the complete order.
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