The company is into electronic communication and satellite communication business mostly for defence sector.
Electronic communication for the military is replaced as per technology advancements.
Software Defined Radios being the latest has already been developed by Avantel. RFP as floated by MoD can be accessed here. Not sure as to whether Avantel will apply directly or through BEL.
Redirect Notice of now
It recently received an order for satcom products.
The fact that the company is trusted by someone like Lockheed Martin speaks volumes of its quality and execution.
Defence manufacturing for use by Indian forces as well as push for the defence exports and curbs on imports puts the company in a sweet spot.
Satcom is likely to be a high growth and niche field.
The global satellite communication market reached a value of nearly $53,083.8 million in 2022, having grown at a compound annual growth rate (CAGR) of 6.5% since 2017. The market is expected to grow from $53,083.8 million in 2022 to $83,680.3 million in 2027 at a rate of 9.5%. The market is then expected to grow at a CAGR of 11.4% from 2027 and reach $143,872.3 million in 2032. (Source- Satellite Communication Global Market Report 2023:)
Clarity on details of satcom policy are still awaited. FDI announcement is likely.
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