Defence Company Share Price Jumps Nearly 3% After Securing Rs 117.88 Crore DRDO Order

On Monday, shares of Avantel Ltd jumped 2.93 per cent to Rs 161.38 per share from its previous closing of Rs 156.79 per share. As of 11:55 AM IST, the stock had touched an Intraday high of Rs 164.90, representing a surge of 5.17 per cent from its previous close. The stock’s 52-week high is Rs 215 per share and its 52-week low is Rs 117.05 per share.

Avantel Ltd has secured a contract worth Rs 117.88 crore from the Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India. The contract, dated August 29, 2026, is for the development, installation and commissioning of a Ground Segment Hub for voice and data communication. The contract value of Rs 117.88 crore is inclusive of applicable Taxes.

The order is domestic in nature and carries a warranty period of 36 months. Avantel is required to execute the contract by February 2029. The project involves the development of a Ground Segment Hub for voice and data communication.

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Avantel Ltd is engaged in designing, developing and maintaining wireless and satellite communication products, defence electronics, radar systems and network management software applications, primarily for customers in the Aerospace and defence sectors.

The company reported a 67.39 per cent year-on-year increase in consolidated net profit to Rs 5.39 crore in Q1 FY27 from Rs 3.22 crore in Q1 FY26. Revenue from operations rose 35.65 per cent year-on-year to Rs 70.42 crore in Q1 FY27.

The company has a market cap of over Rs 300 crore. The stock price has surged 7.84 per cent in the last 1 year.

The stock has gained 37.86 per cent from its 52-week low of Rs 117.05 per share.

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

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