Avantel Share Price in Focus; Bags ₹20.81 Crore SATCOM Services Order From L&T

Avantel Limited has secured a ₹20.81 crore purchase order from Larsen & Toubro Ltd (L&T) for services relating to SATCOM (Satellite Communication) products. 

The domestic contract is scheduled to be executed by July 2027, adding to the company's order pipeline in communication and defence-related technologies.  

Receives ₹20.81 Crore Order From L&T 

The company received the purchase order through an intimation dated July 17, 2026, from Larsen & Toubro. 

The order is valued at ₹20.81 crore, inclusive of applicable taxes, and relates to services for SATCOM products.  

Order to Be Executed by July 2027 

Avantel said the contract has been awarded by a domestic entity and will be executed by July 2027. 

The company classified the contract as a service order under its regulatory disclosure.  

No Promoter Interest or Related-Party Transaction 

The company clarified that the promoter, promoter group and group companies have no interest in the entity awarding the order. 

It also confirmed that the contract does not fall under related-party transactions.  

Read More: DoLR and RBI Innovation Hub Discuss Convergence of Digital Public Infrastructure for Land Governance and Credit Access! 

Avantel Share Price Performance 

As of 17 July 2026, Avantel share price was trading at ₹170.14 per share, reflecting a decline of 1.66% from the previous trading session. 

Conclusion 

The ₹20.81 crore order from L&T strengthens Avantel's order book and reinforces its presence in SATCOM services, with execution scheduled to be completed by July 2027.  

Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.