Avantel Limited has informed exchanges that it has received a maintenance contract worth Rs 1.94 crore (inclusive of taxes) from Fleet Maintenance Unit, according to a regulatory filing. The order, dated September 16, 2025, falls under service contracts and is scheduled to be executed by September 19, 2027.
The company stated that the contract includes a performance bank guarantee of 3% and has been awarded by a domestic entity. Avantel also clarified that the agreement does not involve any related party transactions and there is no promoter group interest in the awarding entity.
This development marks another addition to Avantel’s portfolio of defence and communication contracts. The filing also noted that the information is being simultaneously made available on the company’s website for public access.
