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.
Avantel Limited has received a supply order from the India Meteorological Department (IMD), Ministry of Earth Sciences, Government of India, for the supply, warranty, and comprehensive maintenance of seven Wind Profiler Systems. The order is valued at Rs.137.12 Crores (excluding taxes) and comes with a 3-year warranty and 7-year annual maintenance contract. Execution timeline is by September 2027. The order is purely domestic and does not involve any related-party interests. A 5% performance bank guarantee is required. This is a sizable single order for Avantel, likely representing a significant share of its annual revenue base.
This is a major government order that strengthens Avantel's order book and provides multi-year revenue visibility through the maintenance contract phase. Positively signals the company's capabilities in specialized meteorological/weather radar systems, though execution risk over ~18 months and dependence on a single government client remain watchpoints.