Avantel has received a significant purchase order valued at ₹11.59 crore from NewSpace India Limited for the supply, installation, and commissioning of devices for Xponders. The order, which is exclusive of taxes, was confirmed via email on April 6, 2026.
The contract involves domestic manufacturing and is set to be executed by October 2026. This development is in line with Avantel‘s strategic focus on expanding its domestic market presence, particularly in the field of advanced technological solutions.
The order from NewSpace India Limited, a recognised entity in the space sector, underscores Avantel’s capabilities in delivering high-quality technological solutions. The contract does not involve any related party transactions, ensuring it is conducted at arm’s length.
Avantel continues to make strides in the industry, leveraging its expertise to secure substantial contracts and enhance its market position. The company has made this information available on its official website for public access.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).