Avantel soars on wining Rs 137.12 crore order from India Meteorological Department
Avantel is currently trading at Rs. 127.20, up by 3.00 points or 2.42% from its previous closing of Rs. 124.20 on the BSE.
The scrip opened at Rs. 124.35 and has touched a high and low of Rs. 129.00 and Rs. 122.00 respectively. So far 81316 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 215.00 on 10-Oct-2025 and a 52 week low of Rs. 90.33 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 138.90 and Rs. 117.70 respectively. The current market cap of the company is Rs. 3383.83 crore.
The promoters holding in the company stood at 37.08 % while Institutions and Non-Institutions held 0.60 % and 62.32 % respectively.
Avantel has received a supply order from the India Meteorological Department, Ministry of Earth Sciences, Government of India, for supply, warranty and COAMC of ‘Seven Wind Profiler Systems’. Broad consideration or size of the order is Rs 137.12 crore (excluding taxes & duties) and is scheduled to be executed by September 2027.
