Deals21 Jun 2025, 03:01 pm
Avantel Ltd Receives Purchase Order Worth Rs.11.06 Cr from Mazagon Dock Shipbuilders Ltd
AI Summary
Avantel Ltd has announced the receipt of a purchase order worth Rs.11.06 Crores (Incl. Taxes) from Mazagon Dock Shipbuilders Ltd. The order, awarded in line with the SEBI regulations, is for manufacturing services and is to be executed from April 2026 to August 2029. The company assures that there are no related party transactions involved and the order is done at 'arm’s length'.
Key Highlights
- Avantel Ltd receives a purchase order worth Rs.11.06 Crores from Mazagon Dock Shipbuilders Ltd.
- The order is for manufacturing services.
- The order is to be executed from April 2026 to August 2029.
- The transaction is not a related party transaction.
- The order is done at 'arm’s length'.