Avantel secures defense contract for satcom equipment maintenance

Avantel Limited announced on December 27, 2025, the receipt of a contract valued at INR 4.16 Crores (including taxes) from the Ministry of Defence, Headquarters Naval Aviation. The contract, awarded via email on December 26, 2025, is for the Comprehensive Annual Maintenance Contract (CAMC) of Satcom Equipment.

This domestic service contract requires execution by January 1, 2028, and includes a Performance Bank Guarantee of 5%. Avantel confirmed that the order was awarded by a domestic entity and pertains to services.

The company stated that the order is not a related party transaction and that no promoter or promoter group has an interest in the awarding entity. This information has been made available on Avantel's website.