Avantel Limited Receives Purchase Order of Rs.11.59 Crores from NewSpace India Limited
Avantel Limited announced the receipt of a Purchase Order from M/s. NewSpace India Limited. The order, received via email on April 6, 2026, pertains to the Supply, Installation and Commissioning of Devices for Xponders.The total value associated with this Purchase Order is Rs.11.59 Crores (Rupees Eleven Crore Fifty-Nine Lakh only), exclusive of taxes.
The details concerning this significant contract are summarized below:
| Sl. No. | Particulars | Description |
|---|---|---|
| Name of the entity awarding the order(s) / contract(s) | M/s. NewSpace India Limited | |
| Significant terms and conditions of order(s)/ contract(s) awarded in brief | Supply, Installation and Commissioning of Devices for Xponders | |
| Whether order(s)/ contract(s) have been awarded by domestic / international entity | Domestic | |
| Nature of order(s)/contract(s) | Manufacturing | |
| Whether domestic or international | Domestic | |
| Time period by which the order(s)/contract(s) is to be executed | October 2026 | |
| Broad consideration or size of the order(s)/contract(s) | Rs.11.59 Crores (Excl. Taxes) |
The information indicates that the promoter or the promoter group has no specified interest in M/s. NewSpace India Limited, and the contract is not classified as a related party transaction.
The Company's operational details were also noted, with its Unit-2 located at Plot No. S-119 (M), Sy. No. 49, E-City, Raviryal (V), Maheswaram (M), Ranga Reddy (Dt), Hyderabad - 501510, Telangana.
AVANTEL Stock Price Movement
In today's trade, Avantel Limited shares are currently trading at ₹136.73, having traded between ₹131.55 and ₹136.99. The stock shows moderate activity, with a total traded volume of ₹1,10,5249 shares.Source:
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