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

Govt Defence OrderBusiness Updates View source PDF

AVANTEL · price

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₹161.55

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₹167.94

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AI summary

Avantel Limited has received a purchase order amendment from Bharat Electronics Limited (BEL) dated May 21, 2026, for the supply of Power Amplifiers. The amendment adds Rs.1.92 Crores to the existing order value of Rs.11.04 Crores, making the revised total Rs.12.96 Crores (excluding taxes). The original purchase orders were dated November 22, 2025 and May 5, 2026. BEL is a defence public sector undertaking. The order is domestic, involves manufacturing, and is to be executed by September 2026. A 5% performance bank guarantee is required.

Likely market impact

The additional order value of Rs.1.92 Crores represents growth in the existing defence contract with Bharat Electronics Limited, a government-owned defence PSU. This strengthens Avantel's order book in the defence electronics segment, which is positive for revenue visibility through September 2026.