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.

Avantel Limited , a technology company specializing in defense and aerospace solutions, has announced a significant development in its business operations. The company has received an amended purchase order worth Rs. 9.88 crore from the Department of Atomic Energy, marking an important contract modification with the government department.

Key Details of the Amended Purchase Order

Contract Specifics

The amended purchase order, received via email on September 8, 2025, represents a domestic contract for supply purposes. Avantel has confirmed that this order does not fall under related party transactions, and there is no interest from the promoter or promoter group in the entity awarding the contract.

Company Disclosure and Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Avantel has promptly disclosed this information to the stock exchanges. The company has also made this information available on its official website, www.avantel.in , ensuring transparency for its stakeholders.

Credit Rating Update

In addition to the purchase order news, Avantel has also received an update on its credit ratings. M/s. Acuité Ratings & Research Limited has reaffirmed the company's ratings as follows:

These ratings apply to Avantel's bank facilities worth Rs. 69.50 crore. Furthermore, Acuité has assigned the same ratings to an additional Rs. 65.00 crore of bank facilities for Avantel Limited.

This amended purchase order and the reaffirmed credit ratings underscore Avantel's strong position in the defense and technology sector, as well as its financial stability. The company continues to maintain a robust relationship with government entities, particularly in strategic sectors like atomic energy.