Avantel Limited has informed the Exchange about Bagging/Receiving of orders/contracts
AVANTEL · price
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Awaiting price reaction for this filing.
Avantel Limited has received a purchase order valued at Rs. 10.11 Crores (including taxes) from Hindustan Aeronautics Limited (HAL), a defence PSU under the Government of India. The order is for the supply of Satcom Equipment in the Airborne Version and is to be executed by August 10, 2026. The contract includes a 24-month warranty from the date of acceptance of items. This is a domestic order involving manufacturing, and there is no related party interest involved.
This is a positive development as it represents a new order from a prestigious defence PSU, reinforcing Avantel's position in the defence and aerospace communications segment. The order adds to the company's order book and provides revenue visibility over the next year, though the size is relatively modest.