Mumbai, Jan. 2 -- Shares of Bharat Electronics (BEL) gained 1.22% to currently trade at Rs 402.55 on the BSE.

The company said it has been awarded a domestic manufacturing contract by Bharat Electronics worth Rs 1.76 crore. The order is scheduled to be executed by July 2026.

As part of the contract, a 5% performance bank guarantee has been stipulated. The company confirmed that neither the promoter nor promoter group has any interest in the awarding entity, and the order does not qualify as a related-party transaction.

Avantel is engaged in the business of designing, developing, and maintaining wireless and satellite communication products, defence electronics, radar systems, and the development of network management software applicati...