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 worth Rs. 1.76 Crores (excluding taxes) from M/s. Bharat Electronics Limited (BEL) for the supply of Satcom Products. The order is dated January 1, 2025, and is domestic in nature, classified under manufacturing. Avantel is required to fulfil the order by July 2026. A 5% performance bank guarantee is part of the contract terms. The order has no related party implications.
While the order value of Rs. 1.76 Crores is relatively small, the order from BEL — a Government of India defence PSU — strengthens Avantel's credentials in the defence/satcom segment and adds to its order book. This is a positive signal for continued business from public sector defence clients but is unlikely to move the stock significantly on its own.