Avantel Limited Secures ₹11.19 Crore Order from NewSpace India for Xponder Devices

Avantel Limited (NSE: AVANTEL; BSE: 532406) has officially announced the receipt of a significant domestic purchase order valued at Rs. 11.19 Crores (excluding taxes).

The contract, awarded by M/s. NewSpace India Limited, was formally received by the company via communication dated January 7, 2026.

This manufacturing-based contract involves the supply, installation, and commissioning of devices for Xponders.

The win underscores Avantel’s ongoing involvement in high-tech domestic manufacturing and its capability to service key players in the industry.

According to the regulatory filing, the project is set for a swift turnaround, with the entire order expected to be executed by July 2026.

Furthermore, the company has confirmed that the order does not involve any related party transactions, and no promoter or group companies have any interest in the entity that awarded the contract.

This transparency ensures that the deal is conducted at an arm’s length basis, providing further confidence to investors and stakeholders.

This disclosure was signed by D Rajasekhara Reddy, Company Secretary & Compliance Officer.

The announcement was made as an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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