Announced Thu, 1 Oct, 2026 · 12:44 IST
Avantel wins Rs 6.02 Cr defence contract for Satcom maintenance
AVANTEL · price
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Price reaction · full curve 14 horizons · vs prior close
-4.7%1-day move
₹154.50
prior close
₹148.30
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.0-0.1+1.6-4.7-2.0-0.6-5.6——————
Up moveDown movePending
AI summary
Avantel received a contract worth Rs 6.02 Cr from the Directorate of Electrical Engineering, Naval Headquarters, Ministry of Defence. It covers comprehensive annual maintenance of Satcom equipment, runs until September 2029, and is a domestic service order with no related party involvement.
Likely market impact
Strengthens defence order book and provides revenue visibility through 2029, though contract size is modest.