Avantel Ltd Secures Rs.11.19 Crore Order from NewSpace India
Filing Summary
Avantel Ltd has received a purchase order valued at Rs.11.19 Crores from M/s. NewSpace India Limited. The order, communicated on January 7, 2026, involves the supply, installation, and commissioning of devices for Xponders. This domestic manufacturing contract is scheduled for completion by July 2026. The transaction does not involve any related party transactions or promoter group interests. Avantel Ltd continues to focus on its core business of manufacturing and technology solutions.
Avantel Ltd has announced the receipt of a purchase order worth Rs.11.19 Crores from M/s. NewSpace India Limited. The order was communicated via email on January 7, 2026. The contract involves the supply, installation, and commissioning of devices for Xponders and is classified as a domestic manufacturing order.
The order is expected to be executed by July 2026. The transaction is purely domestic, with no international involvement. The company has confirmed that there are no related party transactions associated with this order, and it does not involve any interests from the promoter or promoter group.
Avantel Ltd has provided this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details are also available on the company’s website for public access.
NewSpace India Limited is 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 is involved in satellite launches, transponder leasing, and satellite-based services.
Avantel Ltd specializes in manufacturing and technology solutions, focusing on communication systems and electronic products. The company aims to enhance its capabilities in delivering advanced technological solutions to its clients. Avantel Ltd continues to expand its presence in the domestic market through strategic contracts and partnerships.