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. 13.67 Crores (including taxes) from Defence Electronics Applications Laboratory (DEAL), a lab under DRDO. The order is for the development of Software Defined Radios (SDRs) and is classified as a domestic manufacturing contract. Avantel must execute the order by August 2027 and has to furnish a 3% performance bank guarantee. The order has no related-party angle, and the promoter group has no interest in DRDO. This adds a meaningful new defence contract to Avantel's order book and highlights its role as a supplier to India's defence R&D establishment.
Positive for shareholders — the order strengthens revenue visibility through 2027 and reinforces Avantel's credentials as a trusted supplier to DRDO in the defence electronics segment. Likely to be viewed favorably by the market, though the order size is modest relative to typical multi-year defence backlogs.