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. 11.19 Crores (excluding taxes) from NewSpace India Limited (NSIL), the commercial arm of ISRO under the Department of Space, Government of India. The order is for the supply, installation, and commissioning of Xponder devices. The order is domestic in nature and needs to be executed by July 2026. The company has confirmed there is no related party interest in the awarding entity.
This is a positive development for Avantel, as it bags a government-backed order from a key public sector entity in India's space sector, adding visibility to its order book. Investors should view this as a sign of the company's continued participation in the strategic space and defence communications segment, which could support near-term revenue.