A notable player in India’s defence and communication technology space is making headlines again, this time with a fresh domestic purchase order worth Rs. 5.97 Crore.
With a current market capitalization of Rs. 4,249 crore, the shares of Avantel limited opened today at Rs.165.10 up from its previous close of Rs.163.87. The market has responded swiftly to the news, indicating rising investor interest in companies catering to India’s evolving defence and digital communication landscape.
Avantel Limited, operating in the defence and communication technology space has secured a purchase order worth Rs. 5.97 crore from Goa Shipyard Limited, a state-owned enterprise. The order involves the supply, installation, and commissioning of Satcom equipment and is scheduled for completion by May 2027.
As the Indian government ramps up focus on indigenous defence technology and connectivity, companies like Avantel are well-positioned to benefit, making them key contenders in the next wave of tech-driven industrial growth.
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Established in 1990, Avantel Limited has evolved into a respected name in India’s technology landscape, particularly within the defence and communication technology sector. Over the years, Avantel has developed a strong portfolio that includes advanced communication systems, radar technologies, and network management software solutions.
The company has achieved strong profit growth, recording a compound annual growth rate (CAGR) of 41.0 percent over the past five years. The company also holds AS9100D and ISO 9001:2015 certifications, reflecting its commitment to quality and reliability. These globally recognized standards strengthen its position in the defence and aerospace sectors.
Its revenue from operations grew by 18 percent from Rs. 41.76 Crores to Rs. 49.26 Crores, accompanied by profits of Rs. 12.15 Crores to Rs. 6.08 Crores. It has delivered a ROE and ROCE of 28.1 percent and 37.1 percent.
Written by – Manan Gangwar
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