Avantel Secures ₹117.88 Crore DRDO Contract for Ground Segment Hub
Avantel Limited received a contract from DRDO valued at ₹117.88 Crores for the Development, Installation & Commission of a Ground Segment Hub. The project is expected to be executed by February 2029 and includes a 36-month warranty period.
The contract value of ₹117.88 Crores is substantial for the company and represents a significant new order in the defense sector, likely to have a material impact on its financial performance.
The announcement details a significant contract win from a government defense organization, which is expected to positively impact the company's revenue and market position.
Avantel Limited has announced the receipt of a significant contract from the Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India. The contract, dated August 29, 2026, is for the Development, Installation & Commission of a Ground Segment Hub for voice & data communication.
The total value of this contract is ₹117.88 Crores, inclusive of applicable taxes. The contract is to be executed by February 2029 and includes a warranty period of 36 months.
This development marks a key achievement for Avantel in the defense sector. The company has also made this information available on its website. The announcement was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
A plain-language summary of a public exchange filing by Avantel Limited. Read the original for the full detail.