Avantel Secures ₹12.51 Crore Satcom Order from BEL; Stock Gains 1.3%

Hyderabad, September 18, 2025 – Avantel Limited (NSE: AVANTEL, BSE: 532406) gained 1.38% as of 11:06 AM IST on Thursday, after announcing the receipt of a ₹12.51 crore purchase order from Bharat Electronics Limited (BEL) for the supply of Satcom products.

The order, dated September 17, 2025, will be executed by March 2026 and carries a performance bank guarantee of 3%. The contract is entirely domestic in nature and falls under manufacturing supply.

Avantel Limited, listed on both NSE and BSE, operates in the Aerospace & Defense sector with a focus on satellite communication and defense technology solutions. Incorporated in 1990 and headquartered in Visakhapatnam, the company has steadily expanded its portfolio, catering to critical defense and communication needs.

Order Details

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company announced that it has received a purchase order worth ₹12.51 crore (inclusive of taxes) from Bharat Electronics Limited (BEL) for the supply of Satcom products. The order is dated September 17, 2025.

According to the disclosure, the contract carries a performance bank guarantee of 3% and is classified as a domestic manufacturing order. The execution timeline for the project extends until March 2026. The company confirmed that the transaction does not involve any promoter, promoter group, or related party interest, and the order does not fall under related party transactions.

This contract highlights the company’s growing role in the defence and communication technology space, particularly through its collaboration with BEL, a leading state-owned defence electronics major.

Stock Performance

Avantel Limited shares are trading at ₹179.50, which is a 1.38% gain on September 18, 2025, at 11:06 AM IST. Avantel Limited shares have gained 9.42% in the last year, 18% in the year-to-date, 66.9% in the last 6 months, 35% in the last month, and 5.15% in the last 5 days.

On the market front, Avantel’s stock opened at ₹177.99 and touched an intraday high of ₹184.50, before slipping to a low of ₹174.40. The company commands a market capitalization of ₹4,750 crore, with a price-to-earnings (P/E) ratio of 88.97. It offers a modest dividend yield of 0.11%, with a quarterly dividend payout of ₹0.05 per share. The stock has been trading in a 52-week range of ₹95.12 to ₹191.01.

REF: https://nsearchives.nseindia.com/corporate/AVANTEL_18092025093732_OrderIntimation18092025.pdf

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