Avantel Limited has announced a significant new contract, bolstering its position in the satellite communication sector. The company has received a purchase order worth Rs. 19.33 crore (including taxes) from Larsen & Toubro Limited for the service of Satcom products.

Contract Details

The order, received on September 22, 2025, encompasses the following key aspects:

Corporate Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Avantel Limited has made a formal disclosure to both the BSE and NSE. The company has confirmed that:

• The contract is domestic in nature.
• No promoter groups have any interest in Larsen & Toubro Limited, the awarding entity.
• The transaction does not fall under related party transactions.

Company Statement

D Rajasekhara Reddy, Company Secretary & Compliance Officer of Avantel Limited, signed off on the regulatory filing, ensuring transparency with investors and adherence to stock exchange regulations.

Market Implications

This new order represents a significant business opportunity for Avantel Limited in the Satcom products service sector. The contract with a renowned company like Larsen & Toubro could potentially enhance Avantel's market position and contribute to its revenue stream over the next year.

Investors and market analysts will likely be watching closely to see how this contract impacts Avantel's financial performance in the coming quarters, particularly as the execution of the order progresses towards the July 2026 deadline.

Avantel Limited , a leading player in the satellite communication sector, has announced a significant new business development. The company has secured a purchase order worth Rs. 12.51 crore (including taxes) from Bharat Electronics Limited (BEL) for the supply of Satcom Products.

Order Details

The purchase order outlines several key aspects of the agreement:

Contract Specifics

The contract is domestic in nature, focusing on the manufacturing and supply of Satcom Products. Avantel Limited is required to execute the order by March 2026, giving the company approximately six months to fulfill the requirements.

Company Disclosure

In compliance with regulatory requirements, Avantel Limited has confirmed that the promoter groups have no interest in Bharat Electronics Limited, the entity awarding the contract. Furthermore, the company has clarified that this transaction does not fall under related party transactions.

Market Implications

This order represents a significant business opportunity for Avantel Limited, potentially boosting its revenue and market position in the satellite communication sector. The collaboration with Bharat Electronics Limited, a renowned public sector undertaking, could open doors for future contracts and partnerships in the defense and aerospace industries.

About Avantel Limited

Avantel Limited specializes in satellite communication products and services. With its registered office in Visakhapatnam, Andhra Pradesh, and additional facilities in Hyderabad, Telangana, the company has established itself as a key player in providing advanced communication solutions.

The securing of this substantial order from Bharat Electronics Limited underscores Avantel's capabilities in the Satcom Products domain and its growing presence in the Indian market.