Avantel Ltd Secures Rs.122.58 Cr Order from NewSpace India
Filing Summary
Avantel Ltd has received a purchase order valued at Rs.122.58 Crores from M/s. NewSpace India Limited. The order, dated February 10, 2026, involves the supply, installation, and commissioning of S/X-band with Ka-band ready full motion antennas. The contract is domestic and is expected to be executed by August 2027. Key terms include a security deposit of 2.50% and a performance bank guarantee of 0.50%. The transaction does not involve any related party interests. This update is in accordance with Regulation 30 of the SEBI Listing Obligations.
Avantel Ltd has announced the receipt of a purchase order worth Rs.122.58 Crores from M/s. NewSpace India Limited. The order, communicated via mail on February 10, 2026, is for the supply, installation, and commissioning of S/X-band with Ka-band ready full motion antennas. The transaction is classified as domestic, with completion expected by August 2027.
The significant terms of the order include a security deposit of 2.50% and a performance bank guarantee of 0.50%. The order does not involve any related party transactions, and there is no interest from the promoter or promoter group in the entity awarding the contract.
This order is part of Avantel’s ongoing business operations and complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details of the transaction are also available on the company’s website.
NewSpace India Limited is the commercial arm of the Indian Space Research Organisation (ISRO). It focuses on enabling Indian industry to scale up high-technology manufacturing and production base for space programs.
Avantel Ltd specializes in providing communication solutions and products for various sectors, including defense and aerospace. The company prioritizes innovation and quality in its offerings, aligning with industry standards such as AS 9100D and ISO 9001:2015.