Avantel Limited , a prominent player in the Indian technology sector, has announced a significant new contract win, further solidifying its position in the market. The company has secured a maintenance contract worth Rs. 1.94 crore (including taxes) from Fleet Maintenance Unit, marking another milestone in its growth trajectory.

Contract Details

The domestic service contract, dated September 16, 2025, outlines several key points:

Strategic Implications

This new contract underscores Avantel Limited's continued success in securing valuable service agreements. The maintenance nature of the contract suggests a potential for long-term engagement with the Fleet Maintenance Unit, which could lead to further opportunities in the future.

Compliance and Transparency

In line with regulatory requirements, Avantel Limited has confirmed that:

• The contract does not involve any interest from promoter groups in the awarding entity.
• It does not constitute a related party transaction.

This disclosure aligns with the company's commitment to transparency and adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Recent Order Book Growth

It's worth noting that this contract comes on the heels of another significant order received by Avantel Limited. Just a day prior, on September 15, 2025, the company secured a purchase order worth Rs. 9.92 crore (including taxes) from Garden Reach Shipbuilders Limited for the supply of Satcom Products. This order, with an execution timeline from March 15, 2026, to June 15, 2026, further demonstrates the company's strong market position and diverse product offerings.

Conclusion

The consecutive contract wins highlight Avantel Limited's robust business development efforts and its ability to secure orders across different segments - from maintenance services to manufacturing of specialized products. As the company continues to expand its order book, investors and industry observers will likely keep a close watch on its performance and future growth prospects in the technology and defense sectors.

Avantel Limited has announced a significant new order, bolstering its position in the satellite communication sector. The company has secured a purchase order worth Rs. 9.92 crore (including taxes) from Garden Reach Shipbuilders Limited for the supply of Satcom Products.

Order Details

The order, received via email, outlines the following key points:

• Order Value: Rs. 9.92 crore (including taxes)
• Client: Garden Reach Shipbuilders Limited
• Product: Supply of Satcom Products
• Execution Period: March 15, 2026, to June 15, 2026
• Contract Type: Domestic manufacturing
• Performance Guarantee: 3% performance bank guarantee required

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Avantel Limited promptly disclosed the details of this order to the stock exchanges. The company confirmed that the order does not involve any related party transactions or interests from the promoter group.

Company Background

Avantel Limited, headquartered in Visakhapatnam, Andhra Pradesh, specializes in the design, development, and manufacture of wireless front-end, satellite communication, embedded systems, and signal processing products. The company has a strong presence in the defense and aerospace sectors.

Market Implications

This order represents a positive development for Avantel Limited, potentially strengthening its revenue stream and market position in the satellite communication industry. The collaboration with Garden Reach Shipbuilders Limited, a renowned shipbuilding company, could open doors for future opportunities in the maritime sector.

Investors and market analysts will likely monitor the execution of this order and its impact on Avantel's financial performance in the coming quarters. As the company continues to secure such orders, it may enhance its reputation as a reliable supplier of advanced communication solutions for critical industries.