Avantel Limited has informed the Exchange about Bagging/Receiving of orders/contracts

Govt Defence OrderBusiness Updates View source PDF

AVANTEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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+9.4%1-day move

₹161.30

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₹167.80

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AI summary

Avantel Limited has received a contract dated May 25, 2026 from Coast Guard Headquarters, New Delhi for supply, installation, commissioning, and Annual Comprehensive Maintenance of Satcom Products. The total contract value is Rs.28.20 Crores inclusive of applicable taxes. The contract execution period is until August 2027, and requires a Performance Bank Guarantee of 5%. This is a domestic manufacturing and service contract awarded by a government defense entity.

Likely market impact

This is a significant government order that should positively impact Avantel's revenue visibility for FY 2026-27. The contract with Indian Coast Guard strengthens the company's position in the defense and satellite communications sector.