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Avantel Limited ( (IN:AVANTEL) ) has issued an announcement.
Avantel Limited has secured a domestic rate contract worth Rs 459.90 crore from Zetwerk Manufacturing Businesses Limited for the supply and long-term support of satellite communication equipment. The three-year deal covers manufacturing, a one-year comprehensive onsite warranty and a five-year annual maintenance contract, significantly strengthening Avantel’s order book and reinforcing its position in India’s satellite communications equipment market.
The contract, which is not classified as a related-party transaction, provides multi-year revenue visibility and underpins recurring service income through the AMC component. This win is expected to enhance operational scale for Avantel, deepen its relationship with a major domestic manufacturing partner and support its strategic focus on high-value communication infrastructure projects.
More about Avantel Limited
Avantel Limited is an India-based technology company specializing in the design, manufacture and maintenance of satellite communication equipment. The company operates multiple facilities in Andhra Pradesh and Telangana and serves primarily domestic clients in sectors that rely on advanced communication and connectivity solutions.
Average Trading Volume: 115,280
Technical Sentiment Signal: Hold
Current Market Cap: 31.43B INR
See more data about AVANTEL stock on TipRanks’ Stock Analysis page.