Avantel has announced the receipt of a significant rate contract valued at Rs 459.90 crore, exclusive of taxes, for the supply and annual maintenance of satellite communication equipment. The contract was awarded by Zetwerk Manufacturing Businesses Limited and was communicated via mail dated 24 March 2026.
The contract involves 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 domestic in nature and is expected to be executed over a period of three years.
The awarding entity, Zetwerk Manufacturing Businesses Limited, has not been identified as having any interest from Avantel‘s promoter group or falling under related party transactions. The contract is also confirmed to be at arm’s length.
This development marks a significant milestone for Avantel, reinforcing its position in the satellite communication sector. The company has made the details of this contract available on its official website.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).