Defence Company Bags Rs 11.59 Crore Order from NewSpace India

Om DSIJ/ 06 Apr 2026 /Categories: Mindshare, Trending

Defence Company Bags Rs 11.59 Crore Order from NewSpace India

Avantel wins Rs 11.59 crore order from NewSpace India for supply, installation and commissioning of Xponders, to be completed by October 2026

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On Monday, Indian markets closed on a positive note, with the Nifty 50 rising 1.12 per cent to settle at 22,968.25. Amid this broader strength, Avantel shares closed at Rs 136.07, up 1.48 per cent from the previous close, following the company’s announcement of securing a Rs 11.59 crore order from NewSpace India Limited.

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Avantel Secures Rs 11.59 Crore Order from NewSpace India for Xponder Devices

Avantel has received a purchase order worth Rs 11.59 crore (excluding Taxes) from NewSpace India Limited for the supply, installation, and commissioning of devices for Xponders, as per its regulatory filing dated April 6, 2026. The order, received via email, is classified as a domestic manufacturing contract and includes end-to-end execution covering supply, installation, and commissioning activities. The project is scheduled to be completed by October 2026.

The company clarified that the contract has been awarded by a domestic entity and does not fall under related party transactions. This order strengthens Avantel’s presence in the space and communications segment and adds to its domestic manufacturing business with a defined execution timeline.

About Avantel

Avantel Limited is an India-based technology company engaged in the design, development, and manufacturing of wireless and satellite communication products. The company primarily caters to Defence, Aerospace, and space sectors, offering solutions such as satellite communication systems, RF equipment, and embedded systems.

Avantel works closely with government agencies and organisations, including ISRO and defence establishments, and focuses on indigenised technology development. Its product portfolio supports mission-critical communication requirements, particularly in secure and high-reliability environments.

The company has a market capitalisation of Rs 3,617 crore. The stock has traded in a 52-week range of Rs 97.33 to Rs 215.00. It has also maintained a strong return profile, with a 3-year average return on equity (ROE) of 31.5 per cent.