Deals21 Aug 2024, 06:29 pm
Avantel Limited Receives Final Purchase Order of Rs. 67.92 Crores from NewSpace India Limited
AI Summary
Avantel Limited has announced the receipt of a final purchase order worth Rs. 67.92 Crores from NewSpace India Limited. The provisional purchase order, which was received on December 3, 2023, has now been converted into a final purchase order following the acceptance of prototype terminals (Xponders) and the issuance of bulk production clearance by NewSpace India Limited.
Key Highlights
- Avantel Limited has received a final purchase order of Rs. 67.92 Crores from NewSpace India Limited.
- The provisional purchase order, received on December 3, 2023, has been converted into a final purchase order after acceptance of prototype terminals (Xponders) and issuance of bulk production clearance by NewSpace India Limited.
- The order is for the supply, installation, and commissioning of Satcom Terminals (Xponders).
- The order is domestic in nature and is to be executed by April 22, 2025.