Introduction:
Leading defence technology company has secured a significant ₹43.25 crore order from NewSpace India Limited for the supply, installation, and commissioning of devices for Xponders. This domestic manufacturing contract is set for execution by August 2025, strengthening its industry presence.
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Share price movement of Avantel:
On February 20, 2025, Avantel Ltd. opened at ₹114.05, up 6.54% from its previous close of ₹107.05. The stock hit a high of ₹115.00 (7.42%) and a low of ₹108.30. By 9:52 AM, it traded at ₹111.10, with a market cap of ₹2,706.67 crore.
Avantel Limited Secures ₹43.25 Crore Order from NewSpace India:
Leading technology solutions provider Avantel Limited has received a purchase order worth ₹43.25 crore, including taxes, from NewSpace India Limited. The order, confirmed on February 19, 2025, involves the supply, installation, and commissioning of devices for Xponders.
The contract, classified as a domestic manufacturing order, is set to be executed by August 2025. Avantel Limited’s expertise in cutting-edge communication technology strengthens its position in the industry, aligning with the nation’s space and satellite communication advancements.
This order highlights Avantel Limited’s growing role in India’s space sector, reinforcing its collaboration with government-backed agencies. The contract is expected to drive the company’s revenue growth while enhancing its technological capabilities in advanced communication solutions.
Recent news on Avantel:
As of January 01, 2025, Avantel Ltd. reported strong quarterly results, with net sales rising 19.14% to ₹70.68 crore. Net profit surged 23.04% to ₹20.08 crore, while EBITDA grew 31.24% to ₹32.56 crore, reflecting robust financial performance.
Ace investor holding in Avantel:
K. Swapna
K. Swapna holds a 2.46% stake in Avantel Ltd., owning 6,022,448 shares valued at ₹66.9 crore. This substantial investment highlights confidence in the company’s growth prospects and its strong position in the defence and communication technology sector.
Shalu Aggarwal
Shalu Aggarwal holds a 1.19% stake in Avantel Ltd., owning 2,910,000 shares valued at ₹32.3 crore. This significant holding underscores investor confidence in the company’s growth potential and strong market position in the defence and communication technology sector.
Stock performance of Avantel for Period of 1 week, 6 months and 1 year:
Avantel Ltd. has faced recent market pressure, with a 9.60% decline over the past week and a sharp 42.9% drop in six months. However, its one-year return stands at -2.53%, indicating a potential recovery amid long-term stability.
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Shareholding pattern of Avantel:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 38.60% | 40.10% | 40.10% |
| FII | 0.20% | 0.10% | 0.00% |
| DII | 0.90% | 0.70% | 0.40% |
| Public | 60.30% | 59.20% | 60% |
About Avantel:
Avantel Ltd. (NSE: AVANTEL) specializes in designing and developing wireless and satellite communication products, defence electronics, radar systems, and network management software. It primarily serves aerospace and defence sectors, offering advanced technological solutions for critical communication and surveillance needs.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
