Synopsis: Avantel Limited has received a contract worth Rs. 9.94 crore from the Defence Research and Development Organisation (DRDO) for the development and testing of satellite terminals for GSAT. The order strengthens the company’s position in India’s defence and satellite communication ecosystem.
Shares of Avantel Limited are likely to remain in focus after the company announced that it has secured a contract from the Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India, for the development and testing of satellite terminals for GSAT.
Avantel Limited has a total market capitalization of approximately Rs. 4,469.52 crore. The company’s shares were trading at Rs. 168.30 apiece on the stock exchange, up by 4.55 percent during the session. The stock has declined around 2.67 percent over the last five trading sessions and delivered a return of nearly 1.18 percent over the past month, reflecting a positive performance. The stock touched a 52-week high of Rs. 215 and a 52-week low of Rs. 117. The stock has remained under investor watch due to its growing presence in defence electronics, satellite communications, and aerospace technology solutions.
According to the company’s exchange filing, the contract has been awarded by DRDO for the development and testing of satellite terminals designed for GSAT-based communication systems. The total value of the order stands at Rs. 9.94 crore, inclusive of applicable taxes.
The contract is scheduled to be executed by December 2028 and includes a warranty period of 24 months. The company stated that the order has been awarded by a domestic government entity and falls under the manufacturing and services category.
The latest order is strategically significant as satellite communication systems continue to play an increasingly important role in defence, surveillance, secure communications, and network-centric warfare. Development of indigenous satellite communication terminals is also aligned with India’s broader objective of strengthening self-reliance in critical defence technologies.
The contract further reinforces Avantel’s long-standing relationship with India’s defence and space ecosystem. Successful execution of the project could enhance the company’s credentials in satellite communications and create opportunities for participation in future defence and aerospace programs.
India’s growing focus on indigenous defence manufacturing, space technology development, and secure communication infrastructure is expected to generate significant opportunities for specialized technology providers. Companies with expertise in wireless communication, satellite systems, and defence electronics are likely to benefit from rising government investments in these sectors.
Incorporated in 1990, Avantel Limited is engaged in designing, developing, and maintaining wireless and satellite communication products, defence electronics, radar systems, and network management software applications. The company primarily serves customers in the aerospace, defence, and strategic sectors and has established expertise in communication and mission-critical technology solutions.
The Rs. 9.94 crore DRDO contract adds to Avantel’s order book and is expected to strengthen its position in the satellite communication and defence electronics segments while contributing to revenue visibility over the coming years.
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