Avantel Secures ₹43.25 Crore Order from NewSpace India for Xponder Devices

Avantel Limited, a technology-driven company, has announced that it has secured a significant purchase order worth ₹43.25 crore (including taxes) from NewSpace India Limited. The company disclosed this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The share price of Avantel on February 20, 2025, opened at ₹114.89, higher by 7.40%. 

Details of the Order

The purchase order involves the supply, installation, and commissioning of Xponder devices, signifying Avantel’s continued role in advanced communication and satellite-related solutions. The contract has been awarded by NewSpace India Limited, a key entity in India’s space sector, and falls under the manufacturing category. This is a domestic contract, and the execution timeline has been set for August 2025. The deal underscores Avantel’s growing presence in high-tech manufacturing, further strengthening its footprint in the industry.

Strategic Importance of the Deal

This contract strengthens Avantel’s position in the domestic technology sector, highlighting its role in providing advanced communication and satellite solutions. The collaboration with NewSpace India Limited—a key player in India’s space sector—further underscores Avantel’s capabilities in high-tech manufacturing.

Q3FY25 Financial Performance 

The company reported a 23.04% rise in consolidated net profit, reaching ₹20.08 crore in Q3FY25, up from ₹16.32 crore in the corresponding quarter of the previous year.

Revenue from operations for the quarter stood at ₹70.68 crore, reflecting a 19.14% year-on-year (Y-o-Y) increase compared to ₹59.33 crore in December 2023.

No Related Party Transactions

Avantel has clarified that there is no involvement of promoters, promoter groups, or related parties in this transaction, ensuring transparency in its dealings

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