Avantel Limited has secured a significant contract worth ₹11.19 crores from NewSpace India Limited, marking a notable achievement in the aerospace and defense sector. The comprehensive order encompasses the supply, installation, and commissioning of transponder systems, demonstrating the company's capabilities in advanced communication technology solutions.

Contract Details and Scope

The awarded contract represents a multi-faceted engagement that extends beyond simple equipment supply. The scope includes three critical components that showcase Avantel's end-to-end service capabilities:

Project Timeline and Execution

The contract establishes a clear execution framework with completion scheduled by July 2026. This timeline provides Avantel with approximately two years to deliver the comprehensive transponder solution, allowing for thorough planning, procurement, installation, and testing phases.

Strategic Significance

This order represents a significant business development for Avantel in the aerospace and defense sector. The contract with NewSpace India Limited, which serves as the commercial arm of the Indian Space Research Organisation (ISRO), positions the company within India's expanding space technology ecosystem.

The comprehensive nature of the contract, covering supply, installation, and commissioning services, demonstrates Avantel's technical capabilities and project management expertise in delivering complex communication systems. The multi-year timeline also provides revenue visibility and operational planning advantages for the company's business operations.

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.