Avantel Limited Secures ₹122.58 Crore Order from NewSpace India Limited
On February 11, 2026, Avantel Limited announced that it has received a significant Purchase Order worth ₹122.58 Crores (excluding taxes). The company officially informed both the BSE Limited and the National Stock Exchange of India Limited (NSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Order Details
The contract has been awarded by M/s. NewSpace India Limited (NSIL), a domestic entity. Under this order, Avantel will be responsible for the supply, installation, and commissioning of S/X-band antennas that are Ka-band ready with full-motion capability. These advanced antenna systems are typically used in satellite communication and space-related applications.
Project Timeline
According to the company’s disclosure, the project is scheduled to be completed by August 2027, giving Avantel a defined execution window of approximately 18 months.
Financial Terms
The agreement includes standard contractual safeguards:
Security Deposit: 2.50% of the order value
Performance Bank Guarantee (PBG): 0.50%
These terms are commonly included in large-scale government and institutional contracts to ensure timely and quality execution.
Corporate Governance Disclosure
Avantel clarified that neither its promoter nor the promoter group has any interest in NewSpace India Limited. The company also confirmed that the transaction does not qualify as a related party transaction, reinforcing transparency and compliance with regulatory norms.
It is worth noting that the purchase order was initially received via email on February 10, 2026, before the formal stock exchange disclosure was made the following day.
For additional information, investors and stakeholders can refer to the official disclosure available on Avantel’s corporate website and NSE website.
