Avantel Share Price Jumps up to 12%; Secures Rs 459.90 Crore Contract from NewSpace India

On Wednesday, March 25, 2026, Indian markets again opened on a positive note, with the Nifty 50 gaining 1.37 per cent to trade at Rs 23,225 during the morning session as of 9:40 AM. Riding this broader market strength, Avantel stood out as one of the notable movers, surging up to 12 per cent after the company secured a contract worth Rs 459.90 crore from Zetwerk Manufacturing Businesses Limited for the supply and Annual Maintenance Contract of Satellite Communication Equipment. As of the morning session on March 25, 2026, Avantel's share price is trading at Rs 134.

Avantel Bags Rs 459.90 Crore Rate Contract from Zetwerk for Satellite Communication

Avantel has received a Rate Contract worth Rs 459.90 crore, exclusive of Taxes, from Zetwerk Manufacturing Businesses Limited for the supply of Satellite Communication Equipment along with a comprehensive support package. The contract, which is domestic in nature, covers not just the supply of equipment but also includes a one-year comprehensive on-site warranty and a five-year Annual Maintenance Contract, making it a long-term engagement that extends well beyond a one-time supply arrangement. The entire contract is to be executed over a period of 3 years.

The company has also clarified that no promoter or group company holds any interest in the entity that awarded this contract, and that this transaction does not fall within related-party transactions.

About Avantel

Avantel Limited is a research-oriented technology company with over three decades of experience in the Defence electronics space, specialising in the design, development, manufacturing, installation, and commissioning of satellite communication and wireless systems. The company's core competencies span wireless front-end systems, satellite communication, embedded systems, signal processing, network management, and software development, with its products primarily serving as indigenous alternatives to imported defence technologies, directly supporting India's self-Reliance mission in critical defence capabilities.

Avantel's products are used for satellite-based voice and data communication across a range of defence platforms, including ships, submarines, aircraft, and helicopters for the Indian Navy.

Avantel Ltd has a market capitalisation of Rs 3,624 crore, with a 3-year average return on equity (ROE) of 31.5 per cent. The company’s book value stands at Rs 12.2 per share. In terms of share price movement, the stock has gained 23.52 per cent, compared to a decline of around 2.92 per cent in the Nifty Smallcap 250 index over the same period.

Disclaimer: The article is for informational purposes only and not investment advice.