Avantel Share Price Gains Over 5% on Securing ₹122.6 Crore Order from NewSpace India

Avantel Ltd has received a purchase order worth ₹122.58 crore, excluding taxes, from NewSpace India Ltd (NSIL). The company informed the stock exchanges about the development on February 11, 2026.  

The order was communicated through a filing dated February 10, 2026. NSIL is the commercial arm of the Indian space programme and handles the commercial use of space-related technologies.  

Nature of the Contract 

The order covers the supply, installation and commissioning of S/X-band antennas with Ka-band-ready full-motion capability. These antennas are typically used in satellite communication systems that require operation across multiple frequency bands.  

The company classified the contract as a domestic order. Execution of the work is scheduled to be completed by August 2027.  

Key Terms of the Order 

The total value of the contract stands at ₹122.58 crore, excluding applicable taxes. As part of the terms, the company will provide a security deposit of 2.50% and a performance bank guarantee of 0.50%.  

Avantel also stated that there is no promoter or group company interest in the entity awarding the order. The company said the contract does not fall under related-party transactions.  

Execution Timeline 

The order is to be carried out over the next 18 months, with completion scheduled for August 2027. The scope includes supply, on-site installation, and final commissioning of the antenna systems. 

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Avantel Share Price Performance  

As of February 11, 2026, 1:16 pm, Avantel Ltd share price was ₹157.95, a 5.06% increase from the previous closing price. 

Conclusion 

The order, valued at ₹122.6 crore, is scheduled for completion by August 2027. No analyst commentary on the development was available at the time of the disclosure. 

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