Avantel secures Rs. 9.92 crore order for Satcom products

Avantel Limited announced the receipt of a purchase order valued at Rs. 9.92 Crores (Incl. Taxes). The order, received via email on September 15, 2025, is for the supply of Satcom products to M/s. Garden Reach Shipbuilders Limited.

The contract is a domestic award for manufacturing, with an execution period spanning from March 15, 2026, to June 15, 2026. A performance bank guarantee of 3% is associated with the order. This transaction is not considered a related party transaction.