Avantel Secures ₹20.81 Crore SATCOM Product Services Order from L&T
Avantel Limited received a Purchase Order from Larsen & Toubro Limited for SATCOM Product services. The order is valued at ₹20.81 Crores and is to be executed by July 2027.
The order value of ₹20.81 Crores is significant and is expected to contribute positively to the company's revenue and market position.
The company has secured a new order worth ₹20.81 Crores, which is a positive development for its business.
Avantel Limited has announced the receipt of a significant Purchase Order from Larsen & Toubro Limited (L&T) for services related to SATCOM Products. The order is valued at ₹20.81 Crores, inclusive of applicable taxes.
This domestic order is for services and is expected to be executed by July 2027. The company has confirmed that promoters or group companies do not have any interest in Larsen & Toubro Limited, and the contract does not fall under related party transactions. The details of this order are 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.