Avantel Limited Receives ₹11.59 Crore Purchase Order from NewSpace India Limited

1 min read     Updated on 06 Apr 2026, 05:17 PM
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AI Summary

Avantel Limited has secured a significant ₹11.59 crore purchase order from NewSpace India Limited for manufacturing, supplying, installing and commissioning devices for Xponders. The domestic contract, disclosed under SEBI regulations, is scheduled for completion by October 2026 and reinforces Avantel's position in India's space technology sector.

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Avantel Limited has officially announced receiving a purchase order worth ₹11.59 crore from NewSpace India Limited (NSIL) for the supply, installation and commissioning of devices for Xponders. The company disclosed this development through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Purchase Order Details

The comprehensive order details highlight the scope and specifications of this significant contract:

Parameter: Details
Order Value: ₹11.59 crore (exclusive of taxes)
Client: NewSpace India Limited
Scope: Supply, Installation and Commissioning of Devices for Xponders
Nature of Contract: Manufacturing
Entity Type: Domestic
Completion Timeline: October 2026

Regulatory Compliance

The order was received via email communication and falls under the company's regular business operations. As per SEBI guidelines, Avantel has provided comprehensive details of the contract in its regulatory filing. The purchase order represents a domestic manufacturing contract with NewSpace India Limited, which serves as the commercial arm of the Indian Space Research Organisation (ISRO).

Strategic Significance

This contract reinforces Avantel's position in the Indian space technology sector, demonstrating the company's capabilities in providing specialized space communication solutions. The order encompasses end-to-end services including supply, installation, and commissioning of Xponder devices, showcasing Avantel's comprehensive technical expertise.

The extended execution timeline until October 2026 provides the company with adequate time to deliver the complete project requirements. This engagement with NewSpace India Limited further strengthens Avantel's presence in the growing Indian space technology market and highlights its role as a trusted supplier for critical space infrastructure components.

Source: None/Company/INE005B01027/5f147c6e-e5f0-494b-877c-8f7327e1d169.pdf

Historical Stock Returns for Avantel

1 Day5 Days1 Month6 Months1 Year5 Years
+3.35%+13.87%+8.96%-26.32%+41.75%-21.38%

How might this NSIL contract position Avantel for additional orders in India's expanding space technology sector?

What impact could the extended 2026 timeline have on Avantel's revenue recognition and cash flow patterns?

Will this partnership with NSIL's commercial arm open doors for Avantel in international space markets?

Avantel Secures ₹137.12 Crore Order from India Meteorological Department for Wind Profiler Systems

1 min read     Updated on 30 Mar 2026, 05:47 AM
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AI Summary

Avantel has secured a significant contract worth ₹137.12 crores from the India Meteorological Department for supplying seven wind profiler systems along with comprehensive warranty and maintenance services. The contract includes a three-year warranty period followed by a seven-year Comprehensive Operation and Annual Maintenance Contract, with project completion scheduled by September 2027.

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Avantel has officially announced securing a major supply order worth ₹137.12 crores from the India Meteorological Department (IMD), Ministry of Earth Sciences, Government of India. The company disclosed this significant contract win through a regulatory filing under SEBI Regulation 30, highlighting the order for seven wind profiler systems along with comprehensive warranty and maintenance services.

Order Details and Specifications

The comprehensive contract encompasses the supply, warranty, and Comprehensive Operation and Maintenance Contract (COAMC) for advanced wind profiler systems essential for meteorological operations. The order was formally communicated to Avantel via email on March 27, 2026.

Contract Parameter: Details
Total Order Value: ₹137.12 crores (exclusive of taxes)
Number of Systems: 7 wind profiler systems
Client: India Meteorological Department (IMD)
Order Nature: Manufacturing, Warranty & COAMC
Performance Bank Guarantee: 5%
Completion Timeline: September 2027

Service Framework and Maintenance Structure

The contract includes a robust service framework designed to ensure optimal performance throughout the operational lifecycle of the wind profiler systems. The agreement provides for a three-year warranty period followed by a seven-year Comprehensive Operation and Annual Maintenance Contract (COAMC).

Service Component: Duration
Warranty Period: 3 years
COAMC Duration: 7 years
Contract Type: Domestic
Entity Classification: Government of India

Regulatory Compliance and Disclosure

As per SEBI regulations, Avantel confirmed that this contract does not involve any related party transactions and that promoters or group companies have no interest in the awarding entity. The order represents a purely commercial engagement with the Government of India through the India Meteorological Department.

The extended timeline until September 2027 allows for systematic manufacturing, deployment, and integration of the wind profiler systems, ensuring thorough testing and implementation phases. This substantial order reinforces Avantel's position in the specialized meteorological equipment sector and provides predictable revenue streams over the contract duration.

Historical Stock Returns for Avantel

1 Day5 Days1 Month6 Months1 Year5 Years
+3.35%+13.87%+8.96%-26.32%+41.75%-21.38%

How might this IMD contract position Avantel for additional meteorological equipment orders from other government departments or international markets?

What impact could the 10-year service commitment have on Avantel's recurring revenue model and cash flow predictability?

Will Avantel need to scale up manufacturing capabilities or form strategic partnerships to meet the September 2027 delivery timeline?

More News on Avantel

1 Year Returns:+41.75%