Avantel Ltd Secures Rs.459.90 Cr Rate Contract from Zetwerk
Filing Summary
Avantel Ltd has received a rate contract valued at Rs.459.90 Crores from M/s. Zetwerk Manufacturing Businesses Limited. The contract involves the supply and annual maintenance of satellite communication equipment. The agreement includes a one-year comprehensive onsite warranty and a five-year comprehensive annual maintenance contract. The contract is domestic and is set to be executed over a period of three years. This development was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Avantel Ltd has announced the receipt of a rate contract worth Rs.459.90 Crores from M/s. Zetwerk Manufacturing Businesses Limited. The contract, communicated via mail dated March 24, 2026, pertains to the supply and annual maintenance of satellite communication equipment. This information was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The contract specifies the provision of satellite communication equipment, accompanied by a one-year comprehensive onsite warranty. Additionally, it includes a five-year comprehensive annual maintenance contract (AMC) support. The contract is domestic in nature and is scheduled to be executed over a period of three years.
The agreement with Zetwerk does not involve any related party transactions, and there is no interest from the promoter or promoter group of Avantel Ltd in the entity awarding the contract. The financial consideration for the contract is exclusive of taxes.
Zetwerk Manufacturing Businesses Limited is engaged in the manufacturing sector, focusing on providing a wide range of manufacturing solutions. The company collaborates with various industries to deliver customized manufacturing services, emphasizing efficiency and quality.
Avantel Ltd specializes in the development and supply of satellite communication systems and related technologies. The company prioritizes innovation and quality in its offerings, aiming to meet the communication needs of its clients across various sectors. Avantel continues to expand its capabilities in the satellite communication domain.