Avantel Secures Rate Contract Worth ₹459.90 Crore from Zetwerk
Avantel Limited secured a Rate Contract worth ₹459.90 Crores from Zetwerk Manufacturing Businesses Limited. The contract includes the supply of Satellite Communication Equipment and a 5-year AMC. The order is for a 3-year execution period and is a domestic award.
The value of the contract (₹459.90 Crores) is substantial and represents a significant new business opportunity for Avantel Limited.
The announcement details a significant contract win for the company, which is expected to positively impact its revenue and business.
Avantel Limited has announced the receipt of a significant Rate Contract valued at ₹459.90 Crores (exclusive of taxes) from M/s. Zetwerk Manufacturing Businesses Limited. This contract, dated March 24, 2026, is for the supply of Satellite Communication Equipment, along with a one-year comprehensive onsite warranty and a five-year comprehensive annual maintenance contract (AMC) support.
The contract is for a duration of 3 years and is considered a domestic award.
The company has also confirmed that its promoters or promoter group do not have any interest in the entity awarding the contract, and it does not fall under related party transactions. This information is available on the company's website, www.avantel.in.
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 high impact, which is the band that most often changes something.
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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.