SOURCE: IDRW.ORG
Avantel Limited, a leading player in the telecommunications and manufacturing sector, has announced the receipt of a significant purchase order worth Rs. 11.06 crores (inclusive of taxes) from Mazagon Dock Shipbuilders Limited for Software Defined Radio. The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated to the BSE Limited and National Stock Exchange of India Limited on June 21, 2025.
The order, formalized through a vide mail dated June 20, 2025, involves manufacturing-related work and is set to be executed between April 2026 and August 2029. Key details of the purchase order include a 5% performance bank guarantee and its domestic nature, awarded by a domestic entity. This development underscores Avantel’s growing prominence in the defense and manufacturing sectors.
The company, headquartered in Hyderabad, continues to strengthen its portfolio with this order, reflecting its capability to deliver high-value projects. For further details, stakeholders are encouraged to refer to the official intimation filed with the stock exchanges.
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