Avantel Ltd Secures Rs.11.59 Crore Order from NewSpace India
Filing Summary
Avantel Ltd has received a purchase order valued at Rs.11.59 Crores from NewSpace India Limited for the supply, installation, and commissioning of devices for Xponders. This order, dated April 6, 2026, is exclusive of taxes and is classified under manufacturing. The execution of the order is scheduled for completion by October 2026. The transaction does not involve any related party transactions or interests from the promoter group. The information is disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Avantel Ltd has announced the receipt of a purchase order from NewSpace India Limited on April 6, 2026. The order is valued at Rs.11.59 Crores, exclusive of taxes, and involves the supply, installation, and commissioning of devices for Xponders. This transaction is classified under the manufacturing category and is expected to be executed by October 2026.
The order was awarded by a domestic entity, and there are no related party transactions involved. Additionally, there is no interest from the promoter or promoter group in the entity awarding the order. The details of this transaction are disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The information regarding this order is also available on the company’s official website. The order does not involve any international entities, and the terms and conditions are focused on the supply, installation, and commissioning of the specified devices.
NewSpace India Limited is a government-owned company that serves as the commercial arm of the Indian Space Research Organisation (ISRO). It focuses on promoting and commercially exploiting products, services, and technologies developed by ISRO. The company plays a significant role in enhancing India’s space capabilities and expanding its commercial space market.
Avantel Ltd specializes in providing communication solutions and products for various sectors, including defense, railways, and telecommunications. The company focuses on leveraging its technological expertise to deliver innovative solutions and expand its market presence. Avantel Ltd is committed to maintaining high standards of quality and reliability in its offerings.