Avantel Limited has informed the Exchange about Bagging/Receiving of orders/contracts

Order Above 5pct RevenueBusiness Updates View source PDF

AVANTEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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+1.3%1-day move

₹134.00

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₹135.03

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AI summary

Avantel Limited has received a purchase order from NewSpace India Limited, a domestic government entity, for the supply, installation, and commissioning of devices for Xponders. The order value is Rs.11.59 crores, exclusive of taxes. The order is to be executed by October 2026. NewSpace India Limited is a Central Public Sector Enterprise under the Department of Space, Government of India. The order is classified as a domestic manufacturing contract and is not a related party transaction.

Likely market impact

This is a positive development for Avantel as it secures a significant domestic order worth over Rs.11 crore, representing new business for the company. The association with NewSpace India Limited indicates engagement with India's space technology sector.