Avantel Ltd Secures Order Valued at Rs. 67.92 Crores

In a significant development, Avantel Ltd has successfully secured a Provisional Purchase Order with a total value of Rs. 67.92 Crores. The order, conveyed through an email dated December 2, 2023, originates from M/s. NewSpace India Limited.

The scope of the order encompasses the Supply, Installation, and Commissioning of Satcom Terminals (Xponders). This strategic procurement reflects Avantel Ltd's capabilities in providing advanced satellite communication solutions. The company's expertise in delivering high-quality products and services positions it as a key player in the satellite communication sector.

The successful acquisition of this substantial order is expected to contribute significantly to Avantel Ltd's growth and market presence. The Supply, Installation, and Commissioning of Satcom Terminals align with the evolving needs of the communication industry, emphasizing the importance of reliable and efficient satellite communication solutions.

This contract underscores the trust placed in Avantel Ltd by NewSpace India Limited and highlights the company's commitment to delivering cutting-edge solutions in the field of satellite communication. The projects associated with the order are poised to enhance communication infrastructure and contribute to the advancement of technology in the sector.

EQUITYBULLS