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An announcement from Avantel Limited ( (IN:AVANTEL) ) is now available.
Avantel Limited has secured a domestic service contract worth Rs. 4.16 crore (including taxes) from the Ministry of Defence, Headquarters Naval Aviation, for the comprehensive annual maintenance contract (CAMC) of Satcom equipment. The contract, backed by a 5% performance bank guarantee and running through to January 1, 2028, strengthens Avantel’s position as a key Satcom support provider to the Indian defence establishment and provides medium-term revenue visibility from its core defence communications business.
More about Avantel Limited
Avantel Limited is an Indian technology company that designs and supplies satellite communication (Satcom) and related communication solutions, with operations and manufacturing units in Andhra Pradesh and Telangana. The company serves defence and aerospace clients, among others, and holds quality certifications such as AS 9100D and ISO 9001:2015, underscoring its focus on high-reliability systems for mission-critical applications.
Average Trading Volume: 303,925
Technical Sentiment Signal: Strong Buy
Current Market Cap: 42.83B INR
Learn more about AVANTEL stock on TipRanks’ Stock Analysis page.