Avantel Limited Secures Rs 2.70 Crores Supply Order for Telecommand RF System
Avantel Limited has secured a supply order valued at Rs 2.70 Crores from Integrated Test Range (ITR), Chandipur, for the provision of a Telecommand RF System. The contract specifies that the work must be completed by September 2028.The domestic order involves the supply of the specialized equipment to ITR Chandipur and is valued at Rs 2.70 Crores, inclusive of applicable taxes. Integrated Test Range (ITR) in Chandipur is the entity that awarded the contract.
Key details regarding this significant contract are provided below:
| Particulars | Description |
|---|---|
| Entity Awarding Order | Integrated Test Range (ITR), Chandipur |
| Nature of Contract | Supply of Telecommand RF System |
| Transaction Size | Rs 2.70 Crores (Incl. Taxes) |
| Domestic/International Scope | Domestic |
| Execution Timeline | September 2028 |
| Performance Bank Guarantee | 5% |
The contract is structured as a domestic transaction, and the promoter group holds no interest in ITR Chandipur. Furthermore, the order does not fall under related party transactions and will be conducted at arm's length.
AVANTEL Stock Price Movement
On Tuesday, shares of Avantel Limited edged higher, settling at ₹164.07 after gaining ₹1.50, which represented a 0.92% increase. The equity saw a turnover of 602,140 shares during the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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