Avantel Limited, a leading technology firm, announced on January 16, 2025, that it has secured a contract worth Rs. 8.61 crore (excluding taxes) from the Naval Headquarters, Ministry of Defence (Navy). The contract, focused on the Comprehensive Annual Maintenance Contract (CAMC) of Satcom Systems, is set to run until January 2028.
Key Details of the Contract:
- Awarding Entity: Naval Headquarters, Ministry of Defence (Navy)
- Contract Nature: Maintenance-focused on Satcom Systems
- Timeframe: January 2025 to January 2028
- Value: Rs. 8.61 crore (excluding taxes)
- Type: Domestic
Avantel stated that this domestic contract aligns with the company’s strategic focus on providing critical maintenance services for defense communication systems. The company clarified that the order does not involve any related party transactions or promoter interest.
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