Avantel Bags ₹11.19 Crore Order from NewSpace India Limited
Avantel Limited received a purchase order for ₹11.19 Crores from NewSpace India Limited. The order is for the supply, installation, and commissioning of devices for Xponders and is to be executed by July 2026. This is a domestic manufacturing order.
The order value of ₹11.19 Crores is substantial and is expected to contribute positively to the company's revenue, though its overall impact will depend on the company's total revenue scale.
The company has secured a new order, which is a positive development for its business.
Avantel Limited has announced the receipt of a significant Purchase Order worth ₹11.19 Crores (excluding taxes) from M/s. NewSpace India Limited. The order was received via email on January 7, 2026.
The scope of the order involves the Supply, Installation, and Commissioning of Devices for Xponders. This is a domestic order with a manufacturing nature.
The execution of this order is scheduled to be completed by July 2026. The company has confirmed that there are no promoter or promoter group interests in NewSpace India Limited, and the order does not fall within related party transactions, being conducted at arm's length. This information is also available on Avantel's website.
What to do with a filing like this
Avantel Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Avantel Limited. Read the original for the full detail.