Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Avantel Limited ( (IN:AVANTEL) ) has issued an update.
Avantel Limited has disclosed that it has secured a domestic manufacturing order worth Rs 11.19 crore (excluding taxes) from NewSpace India Limited for the supply, installation and commissioning of devices for Xponders, with execution scheduled by July 2026. The contract, which is not a related-party transaction, strengthens Avantel’s order book in the strategic space and satellite communications domain and underscores its growing role as a key domestic supplier to India’s space sector, potentially enhancing revenue visibility and reinforcing its positioning in high‑value government and space programmes.
More about Avantel Limited
Avantel Limited is an Indian technology and manufacturing company that operates in the communications and electronic systems space, serving defence, aerospace, and related strategic sectors. The company runs multiple certified manufacturing and corporate facilities in Andhra Pradesh and Telangana, from where it develops and supplies specialized communication devices and systems for domestic clients, including government-linked space and defence entities.
Average Trading Volume: 226,158
Technical Sentiment Signal: Buy
Current Market Cap: 41.72B INR
For an in-depth examination of AVANTEL stock, go to TipRanks’ Overview page.