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Avantel Limited ( (IN:AVANTEL) ) has issued an update.
Avantel Limited has secured a Rs.137.12 crore domestic supply order from the India Meteorological Department, under the Ministry of Earth Sciences, to provide seven Wind Profiler Systems along with warranty and comprehensive onsite annual maintenance. The contract, which runs through September 2027 and includes a three-year warranty plus seven years of COAMC backed by a performance bank guarantee, strengthens Avantel’s government order book and underscores its positioning as a key supplier of critical meteorological and communications infrastructure in India, with implications for more stable, multi‑year revenue visibility from public sector clients.
More about Avantel Limited
Avantel Limited is an India-based technology company operating in the electronics and communications space, with manufacturing facilities in Andhra Pradesh and Telangana. The company focuses on specialized systems for government and strategic customers, supplying advanced equipment and long-term maintenance services to domestic public sector entities.
Average Trading Volume: 129,304
Technical Sentiment Signal: Hold
Current Market Cap: 33B INR
See more data about AVANTEL stock on TipRanks’ Stock Analysis page.