Avantel Ltd Secures ₹6.02 Cr Maintenance Contract

Avantel Ltd has announced the receipt of a significant contract valued at ₹6.02 Crores (Rupees Six Crores and Two Lakhs only) inclusive of applicable taxes. The contract, awarded by the Directorate of Electrical Engineering, Naval Head Quarters, Ministry of Defence, is for Comprehensive Annual Maintenance of Satcom Equipment. This domestic service contract is set to be executed by September 2029. The company has provided the necessary details as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This contract is expected to contribute positively to Avantel's revenue streams.