Receipt of Contract from Coast Guard Headquarters, New Delhi

Govt Defence OrderBusiness Updates View source PDF

AVANTEL · price

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AI summary

Avantel Ltd has received a contract dated May 25, 2026 from Coast Guard Headquarters, New Delhi for the supply, installation, commissioning, and Annual Comprehensive Maintenance of Satcom Products. The total contract value is Rs. 28.20 Crores, inclusive of applicable taxes. The contract requires completion by August 2027 and includes a 5% Performance Bank Guarantee. This is a domestic manufacturing and service order placed by a government defence entity.

Likely market impact

This contract provides revenue visibility for Avantel through August 2027 and strengthens the company's order book. The Rs. 28.20 crore deal from Coast Guard Headquarters is a notable government order that could be material given the company's size, though the exact impact depends on their annual revenue.