Avantel Ltd Secures Rs.13.82 Crore Order from CRIS
Filing Summary
Avantel Ltd has received a purchase order valued at **Rs.13.82 Crores** from the **Centre For Railway Information Systems (CRIS)**. The order, dated December 12, 2025, involves the supply of Satcom Hub Equipment. The contract specifies a **performance bank guarantee of 4%** and is to be executed by June 12, 2026. This domestic order falls under the category of supply and services. There is no related party transaction involved, and the promoter group has no interest in CRIS.
Avantel Ltd has announced the receipt of a purchase order worth **Rs.13.82 Crores** from the **Centre For Railway Information Systems (CRIS)**. The order was communicated via email on December 12, 2025, and pertains to the supply of Satcom Hub Equipment.
The order includes a **performance bank guarantee of 4%**. The contract is classified under supply and services and is to be executed by June 12, 2026. This transaction is domestic in nature, with no international involvement.
The filing confirms that there is no interest from the promoter or promoter group in CRIS, and the order does not constitute a related party transaction. The details are disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The **Centre For Railway Information Systems (CRIS)** is an organization under the Ministry of Railways, responsible for developing and managing information systems for the Indian Railways. CRIS focuses on enhancing operational efficiency and service delivery through technological advancements.
**Avantel Ltd** specializes in providing communication solutions, particularly in the satellite communication domain. The company focuses on expanding its product offerings and enhancing its technological capabilities to cater to various sectors, including defense and transportation.