Avantel Secures ₹6.02 Crore Annual Maintenance Contract from Naval Headquarters
Avantel Limited received a contract from Naval Headquarters for Comprehensive Annual Maintenance of Satcom Equipment. The contract is valued at ₹6.02 Crores and is to be executed by September 2029. This is a significant domestic service order for the company.
The contract value of ₹6.02 Crores is material but not exceptionally large in the context of the company's overall operations, hence a medium impact.
The company has secured a new contract from a government defense entity, which is a positive development for its business.
Avantel Limited has announced the receipt of a significant contract from the Directorate of Electrical Engineering, Naval Head Quarters, Ministry of Defence. The contract, dated September 30, 2026, is for Comprehensive Annual Maintenance of Satcom Equipment and is valued at ₹6.02 Crores (Rupees Six Crores and Two Lakhs only), inclusive of applicable taxes. This is a domestic order for a service nature.
The execution period for this contract is scheduled to be completed by September 2029. The company has confirmed that the promoter, promoter group, or group companies do not have any interest in the entity that awarded the contract, and it does not fall within related party transactions. The details of this contract 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.