Avantel Secures Rs 5.97 Crore Satcom Equipment Order from Goa Shipyard

Published: Jul 1, 2025 15:09

Avantel Limited (NSE: AVANTEL) announced on July 1, 2025, that it has secured a new domestic order from M/s. Goa Shipyard Limited. The contract, valued at Rs 5.97 crore (including taxes), is for the supply, installation, and commissioning of Satcom equipment.

The company expects to complete the execution of this order by May 2027. This order falls under the category of manufacturing and is a domestic engagement, with Avantel confirming that there is no promoter or related party interest in the entity awarding the contract.

Following the announcement, shares of Avantel Limited were observed trading at Rs 164.4, reflecting a 3.8% increase. Avantel Limited specializes in the design, development, and manufacturing of various communication products and solutions, catering to diverse sectors including defense and space.

source: Corporate Announcement

Avantel Secures Rs 5.97 Crore Satcom Equipment Order from Goa Shipyard

Latest News and Blog Posts

JSW Energy Powers Up: 261 MW Renewable Capacity Added!

Rajshree Polypack Bags ₹2.58 Cr Order for Plastic Rigid Sheets 📦

Nova Agritech Gears Up: New Formulation Plants Ready for Production!

PIGL Secures New ₹2.59 Cr Udaipur Airport Contract 🏗️

Yatharth Hospital: Riding India’s Healthcare Boom | FY25 Review & FY26–27 Outlook

ideaForge Q4 FY25: Revenue Plunges 48% YoY Amid Procurement Delays, but Strategic Bets Signal Long-Term Promise

Mold-Tek Packaging FY25 Q4: Revenue Up, PAT Down - What's REALLY Happening?

E2E Networks FY25 Review: Strong Yearly Growth, GPU Expansion Powers AI Ambitions Despite Q4 Dip