Avantel Ltd. Receives Rate Contract Worth Rs. 459.90 Crores from Zetwerk Manufacturing Businesses Limited
Avantel Ltd. announced today, March 25, 2026, that it has received a rate contract from Zetwerk Manufacturing Businesses Limited. The contract, with reference number ZMBL/Avantel/RTIS/01255079A/01, is valued at Rs. 459.90 Crores, exclusive of taxes.The contract involves the supply of satellite communication equipment along with a one-year comprehensive onsite warranty and a five-year comprehensive annual maintenance contract (AMC) support. The execution period for the contract is three years.
Here’s a summary of the key details:
| Particulars | Description |
|---|---|
| Name of the entity awarding the order(s) / contract(s) | M/s. Zetwerk Manufacturing Businesses Limited |
| Significant terms and conditions of order(s)/contract(s) awarded in brief | Supply of Satellite Communication Equipment's, along with One (1) Year Comprehensive Onsite Warranty and Five (5) Years Comprehensive Annual Maintenance Contract (AMC) Support. |
| Nature of order(s)/contract(s) | Manufacturing & AMC |
| Time period by which the order(s)/contract(s) is to be executed | 3 Years |
| Broad consideration or size of the order(s)/contract(s) | Rs. 459.90 Crores (Excl. Taxes) |
According to the company, neither the promoter group nor any group companies have any interest in Zetwerk Manufacturing Businesses Limited, and the order does not constitute a related party transaction.
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