Avantel Share Price Gains Over 12%; Secures Rate Contract Worth ₹459.90 Crore

Avantel Limited has announced the receipt of a significant rate contract from Zetwerk Manufacturing Businesses Limited.  

The contract, valued at ₹459.90 crore, is for the supply and annual maintenance of satellite communication equipment. 

Details of the Rate Contract 

The contract involves the supply of satellite communication equipment along with a 1-year comprehensive onsite warranty and a 5-year comprehensive annual maintenance contract (AMC).  

This domestic contract is set to be executed over a period of 3 years, highlighting Avantel's capabilities in the field of satellite communications. 

The contract, referenced as ZMBL/Avantel/RTIS/01255079A/01, was confirmed via email on March 24, 2026. The total value of the contract is ₹459.90 crore, exclusive of taxes. 

Contract Awarded by Zetwerk Manufacturing 

Zetwerk Manufacturing Businesses Limited, a domestic entity, awarded the contract to Avantel Limited.  

The collaboration between these companies underscores the growing demand for advanced communication solutions within the country. 

Execution Timeline and Financial Details 

The contract is scheduled to be executed within a 3-year timeframe, ensuring timely delivery and maintenance of the communication equipment.  

The financial consideration for this contract, amounting to ₹459.90 crore, reflects the scale and importance of the project. 

Read More: Pranos Fusion Secures $6.8 Million to Build Compact Fusion Reactors and Energy Tech Stack! 

Non-Related Party Transaction 

Avantel Limited has clarified that there is no interest from the promoter group or related parties in Zetwerk Manufacturing. Additionally, this contract does not fall under related party transactions, ensuring transparency and compliance with regulatory norms. 

Avantel Share Price Performance 

As of March 25, 2026, at 9:28 AM, Avantel share price on NSE was trading at ₹135.89 up by 12.28% from the previous closing price. 

Conclusion 

Avantel Limited's acquisition of a ₹459.90 crore contract from Zetwerk Manufacturing marks a significant milestone in its business operations. The contract's focus on satellite communication equipment supply and maintenance highlights Avantel's expertise in this domain. 

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