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 worth Rs. 8.82 Crores (excluding taxes) from Bharat Electronics Limited (BEL), a public sector defence company under the Ministry of Defence. The order is for the supply of Power Amplifiers, classified as a domestic manufacturing contract. The order is to be executed by March 2026 and carries a 3% performance bank guarantee condition. No promoter group or related party has any interest in the awarding entity. The intimation is being made under SEBI Listing Regulations to both BSE and NSE.
This is a positive order win from a prestigious defence PSU, reinforcing Avantel's position in the defence electronics space. While the order size is modest, the BEL association enhances credibility and could lead to follow-on business. Short-term stock impact may be limited given the order size relative to overall revenue, but it supports the company's defence order book narrative.