Business Update10 Oct 2026, 03:29 pm
Avantel Ltd Bags ₹12.04 Cr Maintenance Order from L&T
AI Summary
Avantel Ltd has announced the receipt of a significant purchase order worth ₹12.04 Crores (inclusive of applicable taxes) from M/s. Larsen & Toubro Limited. The order, dated October 9, 2026, is for Comprehensive Annual Maintenance of Satcom Equipment and is classified as a service contract awarded by a domestic entity. The execution period for this contract is set to conclude by October 2028. This order is expected to contribute positively to Avantel's revenue streams and strengthen its relationship with a major industry player like Larsen & Toubro.
Key Highlights
- Received purchase order worth ₹12.04 Cr from Larsen & Toubro.
- Order is for Comprehensive Annual Maintenance of Satcom Equipment.
- Contract duration extends until October 2028.
- Order is from a domestic entity and is service-based.
- Enhances business relationship with a key industrial client.
Price Impact
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