Deals4 Feb 2025, 04:30 pm
Avantel Ltd. Receives Purchase Order of Rs. 5.81 Cr from Satish Dhawan Space Centre - SHAR
AI Summary
Avantel Ltd. has announced the receipt of a purchase order worth Rs. 5.81 Crores (excluding taxes) from Satish Dhawan Space Centre - SHAR, ISRO. The order is for an Annual Maintenance Contract for CAMC or Wind Profiler Rudar. The contract is domestic in nature and is to be executed by January 2030. Avantel Ltd. has confirmed that neither the promoter, promoter group, nor group companies have any interest in the entity that awarded the order, and the order does not fall under related party transactions.
Key Highlights
- Avantel Ltd. receives a purchase order worth Rs. 5.81 Crores from Satish Dhawan Space Centre - SHAR, ISRO.
- The order is for an Annual Maintenance Contract for CAMC or Wind Profiler Rudar.
- The contract is domestic and is to be executed by January 2030.
- No related party transactions are involved in this deal.
- The promoter, promoter group, and group companies do not have any interest in the entity that awarded the order.