Avantel Limited Mourns the Loss of Promoter Mr. Abburi Venkateswara Rao Jul 22, 2025
More news about Avantel
01Jul 25
Avantel Secures Rs 5.97 Crore SATCOM Equipment Order from Goa Shipyard
Avantel Limited has received a new order from Goa Shipyard Limited for SATCOM equipment, valued at Rs 5.97 crore. This contract signifies Avantel's involvement in the maritime communication sector and could potentially strengthen its market position. The order may contribute to Avantel's revenue stream and open up future opportunities in the shipbuilding and maritime sectors.
21Jun 25
Avantel Secures ₹13 Crore Contract from DRDO for Defense-Related Products
Avantel Limited, a defense and aerospace technology company, has been awarded a ₹13.00 crore contract by the Defence Research and Development Organisation (DRDO). The contract, likely involving defense-related products or services, is expected to boost Avantel's revenue and strengthen its position in the defense technology sector. This partnership with DRDO, India's premier defense research agency, could lead to future collaborations and opportunities for Avantel in the defense industry.
21Jun 25
Avantel Secures ₹11 Crore Order from Mazagon Dock Shipbuilders
Avantel Limited has received an order worth ₹11.00 crore from Mazagon Dock Shipbuilders. This order is expected to boost Avantel's revenue and potentially strengthen its position in the defense and maritime technology sectors. The partnership with Mazagon Dock Shipbuilders, a key player in India's shipbuilding industry, may lead to future collaborations. Specific details about the products or services involved in the order have not been disclosed.
11Jun 25
Avantel's Subsidiary to Launch State-of-the-Art Medical Products Facility in Visakhapatnam
Avantel Limited's subsidiary, Imeds Global Private Ltd, is set to open a new facility for medical product design, development, and manufacturing in Visakhapatnam. The 2-acre complex will feature 25,000 sq. ft. of built-up area, including clean rooms and testing infrastructure. The facility is scheduled to begin operations on June 15, 2025, marking Avantel's strategic expansion into the healthcare sector.
10Jun 25
Avantel Subsidiary to Launch New Medical Product Facility in Visakhapatnam
Avantel Limited's subsidiary, Imeds Global Private Ltd, is set to open a new medical product facility in Visakhapatnam. The 2-acre site will include 25,000 square feet of construction area with clean rooms and advanced testing facilities. The facility, focusing on design, development, and manufacturing of medical products, is scheduled to start operations on June 15, 2025. This expansion represents a significant move into the healthcare sector for Avantel, potentially diversifying its revenue streams and opening new market opportunities.
01May 25
Avantel Unveils ₹809 Crore Rights Issue at ₹40 Per Share
Avantel Limited has approved a rights issue to raise ₹809 crore. The issue offers 2,02,26,100 shares at ₹40 per share, with a rights entitlement ratio of 10:121. The issue opens on May 15, 2025, and closes on May 22, 2025, with a record date of May 7, 2025. Post-issue, the company's outstanding equity shares will increase to 26,49,61,920, subject to full subscription.
26Apr 25
Avantel Reports Mixed Q4 Results: Revenue Up, Profits Down
Avantel Limited's Q4 FY2024-25 results show revenue growth of 17.70% YoY to 492.00 crore rupees, but decreased profitability. Net profit dropped to 61.00 crore rupees from 121.00 crore rupees last year. Full-year results were more positive with 11.00% revenue growth and 7.40% net profit increase. The company declared a final dividend of 0.20 rupees per share and announced plans for a rights issue to raise up to 81.00 crore rupees. Avantel is also diversifying into the healthcare sector.
25Feb 25
Avantel Ltd Secures ₹43.25 Crore Order from ISRO's Commercial Arm for Coastal Security Enhancement
Avantel Ltd has received a ₹43.25 crore order from NewSpace India Limited (NSIL), ISRO's commercial arm, for 45,252 Xponder devices to enhance coastal security. The order, to be delivered by August 2025, builds on Avantel's previous successful collaborations with NSIL and ISRO. The news triggered a 13% surge in Avantel's stock price, reflecting investor confidence in the company's growth prospects in the defense and space sectors.