Avantel Limited has informed the Exchange about Bagging/Receiving of orders/contracts
AVANTEL · price
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Avantel Limited has received a purchase order worth Rs. 3.95 Crores (inclusive of taxes) from the Material Organisation, Indian Navy, Mumbai, for the supply of Satcom Systems. The order was communicated via email on September 24, 2025, and is to be executed by September 2026. It is a domestic, manufacturing-type contract and requires the company to furnish a Performance Bank Guarantee of 5% of the order value. There is no related-party interest involved in the transaction.
This is a positive development as it reinforces Avantel's order pipeline from the defence sector, its core customer base. While the order size is modest, it underscores continued trust from the Indian Navy and supports steady revenue visibility for FY26.