Avantel gets Rs 20.81 Cr SATCOM order from L&T

Order Above 5pct RevenueBusiness Updates View source PDF

AVANTEL · price

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Price reaction · full curve 14 horizons · vs prior close

+0.9%1-day move

₹169.75

prior close

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base price

After-mkt

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AI summary

Avantel Limited received a purchase order from Larsen and Toubro Limited (L&T) for SATCOM products and services worth Rs. 20.81 Crores inclusive of taxes. It is a domestic order for services, to be executed by July 2027. The transaction is not a related party deal and no promoter group interest is involved.

Likely market impact

New domestic SATCOM order from a major client like L&T strengthens order book and revenue visibility. Positive for the stock.