Avantel secures Rs 17.7 crore order from BHEL
By Aditya Bhagchandani Published on April 29, 2025, 19:04 IST
Avantel Limited announced today that it has received a purchase order worth Rs 17.70 crore (inclusive of taxes) from Bharat Electronics Limited (BEL), a leading public sector enterprise under the Ministry of Defence.
In a regulatory filing with BSE and NSE, Avantel stated that the nature of the order is manufacturing-related, and the contract is domestic in scope. The order is scheduled for execution by September 20, 2028.
The contract includes a Performance Bank Guarantee of 3%, as per standard terms. Avantel confirmed that the order does not fall under related party transactions, and there is no promoter interest involved with BEL.
This strategic order is another step forward in Avantel's growing portfolio of defence sector partnerships, reaffirming its role in supporting India's indigenous defence manufacturing and innovation goals.
The announcement has also been uploaded to the company's official website: www.avantel.in
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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