Avantel Limited has secured a purchase order worth Rs 11.59 crore from NewSpace India Limited, according to a BSE filing.
The order is for the supply, installation, and commissioning of devices for Xponders. This order adds to Avantel’s existing order book and strengthens its pipeline.
The project involves the manufacturing of devices for Xponders, which will be executed by October 2026. The contract was awarded through a domestic entity, and the order value is exclusive of taxes.
As part of the agreement, Avantel will be responsible for the entire scope of work, including supply, installation, and commissioning.
The order is a significant win for Avantel, boosting its order book and reinforcing its position in the technology sector.
Earlier, the company had focused on expanding its manufacturing capabilities to cater to the growing demand for technology products. The contract was awarded based on Avantel’s technical expertise and manufacturing capabilities.
The order adds to Avantel’s growth momentum, and the company is expected to benefit from the increasing demand for technology products. This order reinforces Avantel’s position as a leading player in the technology sector.
The company’s strong execution capabilities and manufacturing expertise have enabled it to secure large contracts from prominent clients. This order reinforces Avantel’s position as a dominant player in the technology sector, with a strong focus on manufacturing and supply chain management.
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