Avantel Limited has informed the Exchange about Bagging/Receiving of orders/contracts
AVANTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Avantel Limited has received a purchase order valued at Rs. 11.06 Crores (including taxes) from Mazagon Dock Shipbuilders Limited, a Government of India-owned defence shipyard. The order is for manufacturing work and is to be executed over a long period from April 2026 to August 2029, about 3.4 years. A performance bank guarantee of 5% of the order value is required. The order is domestic, with no related party interest from Avantel's promoters or group companies. Revenue from this order will be recognized gradually over the multi-year execution period.
The order strengthens Avantel's order book in the defence sector and provides multi-year revenue visibility, though the long execution timeline means it will be booked gradually. Positive for business credibility given the prestigious PSU counterparty.