Avantel Secures ₹122.58 Crore Order from NewSpace India Limited
Avantel Limited received a purchase order worth ₹122.58 Crores from NewSpace India Limited for S/X-band with Ka-band ready full motion antennas. The order is to be executed by August 2027 and includes a security deposit and performance bank guarantee.
The order value is substantial and contributes to the company's revenue stream, but it is not a transformative event for the company's overall financials. The execution timeline extends to August 2027.
The company has secured a new order worth ₹122.58 Crores, which is a positive development for its business.
Avantel Limited has announced the receipt of a significant Purchase Order worth ₹122.58 Crores (excluding taxes) from M/s. NewSpace India Limited. The order, dated February 10, 2026, is for the supply of S/X-band with Ka-band ready full motion antennas.
The terms of the order include a security deposit of 2.50% and a performance bank guarantee of 0.50%. The contract is classified as domestic and involves supply, installation, and commissioning. The execution of this order is scheduled to be completed by August 2027.
Avantel Limited has also stated that the information is available on their website, www.avantel.in, and that there are no promoter or group company interests in NewSpace India Limited, nor does the order fall under related party transactions.
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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.