Avantel Limited — New Orders, 16-01-2025: Awarding of order(s)/contract(s)

Avantel Limited has secured a contract valued at Rs. 8.61 Crores (excluding taxes) from Naval Headquarters, Ministry of Defence (Navy) for the maintenance of satellite communication systems. The contract execution is expected to be completed by January 2028, underscoring the company’s commitment to enhancing its defense sector capabilities. This development presents a positive outlook for Avantel, potentially expanding its operational footprint and strengthening its revenue base. Investors should watch closely for further updates on the execution and any additional contracts in this domain.