Avantel Ltd. shares gained 3% in early trade after the company announced it had received a significant purchase order worth ₹11.06 crore from Mazagon Dock Shipbuilders Limited. As of 9:19 AM, the shares were trading 2.63% higter at Rs 159.00.
The order, confirmed via email on June 20, 2025, marks a fresh domestic contract for Avantel, strengthening its presence in the defense manufacturing sector.
As per the company’s disclosure, the order involves manufacturing-related work, although the specific products or systems to be delivered were not detailed in the announcement. The total contract value includes applicable taxes, and the order is set to be executed over a long-term period starting April 2026 and continuing through August 2029. This multi-year execution timeline indicates a sustained business relationship and reflects Avantel’s growing footprint in critical defense projects.
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