In a significant boost to its order book, Avantel Limited (BSE: 532406) has secured a new contract from Zetwerk Manufacturing Businesses Limited, according to a BSE regulatory filing.
The contract is for the supply and annual maintenance of satellite communication equipment.
The contract is worth Rs 459.90 crores, exclusive of taxes, and involves the supply of satellite communication equipment along with a one-year comprehensive onsite warranty and a five-year comprehensive annual maintenance contract support.
The scope of work includes the manufacturing and supply of the equipment, as well as the provision of maintenance services.
The contract is to be executed over a period of three years, with the company expected to complete the work within the specified timeframe. The contract was awarded on March 24, 2026, and the company has informed the stock exchanges about the development in accordance with the regulatory requirements.
The company has complied with the requirements of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015, and has disclosed the relevant details of the contract to the stock exchanges.
Avantel Limited operates in the sector of satellite communication equipment and services, and this contract is a significant addition to its order book. The company’s ability to secure large contracts is a testament to its capabilities and expertise in the field.
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