Avantel Limited has secured a substantial manufacturing order worth ₹1.76 crores from Bharat Electronics Limited, marking a significant business development for the aerospace and defense company. The purchase order, dated January 1, 2025, was announced under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details and Specifications

The contract involves the supply of Satcom products to Bharat Electronics Limited, a prominent defense electronics manufacturer. The order value of ₹1.76 crores excludes taxes and represents a domestic manufacturing contract.

Contract Terms and Timeline

The order comes with specific terms and conditions that reflect standard industry practices for defense contracts. The agreement requires Avantel Limited to provide a performance bank guarantee equivalent to 5% of the order value, ensuring contract compliance and delivery commitments.

Strategic Significance

This order reinforces Avantel Limited's position in the defense electronics sector, particularly in satellite communication products. The 18-month execution timeline until July 2026 provides the company with a structured revenue stream and demonstrates its manufacturing capabilities in the aerospace and defense domain.

The contract with Bharat Electronics Limited, a established player in the defense electronics space, validates Avantel's technical competencies and quality standards. The order falls within the company's core business operations and does not involve any related party transactions or promoter group interests.

Regulatory Compliance

Avantel Limited has fulfilled its disclosure obligations under SEBI regulations by promptly announcing this material development. The company has made the information available on its official website at www.avantel.in , ensuring transparency for all stakeholders. This compliance demonstrates the company's commitment to maintaining proper corporate governance standards and keeping investors informed about significant business developments.

Avantel Limited has announced the successful acquisition of a contract worth ₹4.16 crore from the Ministry of Defence for domestic services. This contract award marks a significant milestone for the aerospace and defence sector company, showcasing its ability to secure government contracts in the competitive defence services market.

Contract Details

The contract details highlight the company's expanding relationship with India's defence establishment:

Strategic Significance

This contract award demonstrates Avantel's capability to meet the stringent requirements of the Ministry of Defence. The domestic services contract adds to the company's order book and provides revenue visibility in the near term. For a company operating in the aerospace and defence sector, securing government contracts is crucial for sustained business growth and operational stability.

Business Impact

The ₹4.16 crore contract represents a positive development for Avantel Limited's business prospects. Government contracts, particularly from the Ministry of Defence, typically offer stable revenue streams and can serve as a foundation for future contract opportunities. This award reinforces the company's position as a reliable service provider in the defence sector and may enhance its credentials for participating in future government tenders.