Avantel Limited Wins Contract From Coast Guard Headquarters Valued at Rs.28.20 Crores
Avantel Limited has secured a contract from the Coast Guard Headquarters, New Delhi, for the supply, installation, commissioning, and Annual Comprehensive Maintenance of Satcom Products. The contract, dated May 25, 2026, has a total value of Rs.28.20 Crores, inclusive of all applicable taxes.The business deal falls under the Manufacturing and Service category and involves a domestic entity. The contract scope covers the provision of essential Satcom products and associated services to the Coast Guard Headquarters.
According to the details of the Purchase Order, the order is classified as domestic in nature, with the estimated execution timeline set for August 2027.
The key details of the contract awarded to Avantel Limited are summarized below:
| Detail | Description |
|---|---|
| Awarding Entity | Coast Guard Headquarters, New Delhi |
| Nature of Contract | Manufacturing & Service |
| Order Size/Value | Rs.28.20 Crores (Inclusive of Taxes) |
| Scope of Work | Supply, installation, commissioning, and Annual Comprehensive Maintenance of Satcom Products |
| Execution Timeline | August 2027 |
| Performance Guarantee | 5% |
Avantel Limited confirmed that the contract does not involve related party transactions, and the awarding entity is not connected to the company's promoter group. The company expects to execute the contract by August 2027.
AVANTEL Stock Price Movement
Shares of Avantel Limited are rallying as of 3:29 PM, hitting ₹171.98 after gaining 5.98% in live trading. The stock’s upward momentum has been supported by robust buying activity, with 4.12 million shares traded throughout the 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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