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.
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.
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.
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.
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.
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.
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Published on: Jul 18, 2026, 4:16 PM IST
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