Avantel

** Shares of Avantel AVAN.NS rise as much as 9.8%; trims gains, shares last up 3.2% at 185.9 rupees

** Satellite communication services provider's June-qtr net profit rises 64.7% to 53.9 million rupees ($562,953.68)

** June-qtr total rev from operations up 35.3%

** More than 19.2 million shares change hands vs 30-day avg of 2.6 million shares

** YTD, stock up 16.5%

($1 = 95.7450 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

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Avantel Ltd received a firm purchase order worth ₹83.80 crore from Zetwerk Manufacturing Businesses Limited for satellite communication equipment. The order, placed under a rate contract awarded in March 2026, includes a one-year onsite warranty and must be executed by March 2027. It marks a substantial addition to Avantel’s order book from a domestic private sector client.

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** Communication equipment maker Avantel AVAN.NS rises 4.1% to 167.61 rupees

** Co receives order worth 99.4 million rupees ($1.04 million) from India's Ministry of Defence

** Stock has risen twice in the last five trading sessions

** AVAN holds trailing 12-months PE of 285.23 vs industry median of 15.67, according to data compiled by LSEG, implying a high valuation relative to its peers

** YTD, stock up 6.3%

($1 = 95.6300 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)

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May 25 (Reuters) - Avantel Ltd AVAN.NS:

• AVANTEL LTD - RECEIVES CONTRACT VALUED AT 282 MILLION RUPEES

Source text: ID:nBSE1V4MhL

Further company coverage: AVAN.NS

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May 22 (Reuters) - Avantel Ltd AVAN.NS:

• AVANTEL LTD - RECEIVES PURCHASE ORDER AMENDMENT FOR ADDITIONAL 19.2 MILLION RUPEES

Source text: ID:nBSE71vlYs

Further company coverage: AVAN.NS

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May 5 (Reuters) - Avantel Ltd AVAN.NS:

• AVANTEL LTD - RECEIVES PURCHASE ORDER AMENDMENT FOR ADDITIONAL 30.1 MILLION RUPEES

Source text: ID:nBSEM6Jjf

Further company coverage: AVAN.NS

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March 25 (Reuters) - Avantel Ltd AVAN.NS:

• RECEIVES RATE CONTRACT WORTH 4.60 BILLION RUPEES

Source text: ID:nBSE34Qzht

Further company coverage: AVAN.NS

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Jan 8 (Reuters) - Avantel Ltd AVAN.NS:

• RECEIVES PURCHASE ORDER WORTH 111.9 MILLION RUPEES

Source text: ID:nBSEXzlcz

Further company coverage: AVAN.NS

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Jan 2 (Reuters) - Avantel Ltd AVAN.NS:

• RECEIVES PURCHASE ORDER WORTH 17.6 MILLION RUPEES

Source text: ID:nBSE8C3qZ6

Further company coverage: AVAN.NS

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Sept 25 (Reuters) - Avantel Ltd AVAN.NS:

• AVANTEL LTD - COMPANY RECEIVES PURCHASE ORDER WORTH 88.2 MILLION RUPEES

Source text: ID:nBSE3FZl0M

Further company coverage: AVAN.NS

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** Shares of India's Avantel AVAN.NS rise 1.44% to 179.4 rupees

** The communication systems manufacturer receives 125.1 million rupees ($1.42 million) order from Bharat Electronics BAJE.NS to supply satellite communication products

** Order to be executed by March 2026

** YTD, Avantel shares up ~23%

($1 = 88.1375 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

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Sept 17 (Reuters) - Avantel Ltd AVAN.NS:

• AVANTEL LTD - RECEIVES MAINTENANCE CONTRACT WORTH 19.4 MILLION RUPEES

Source text: ID:nBSE6HTxgp

Further company coverage: AVAN.NS

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Sept 16 (Reuters) - Avantel Ltd AVAN.NS:

• AVANTEL LTD - RECEIVES PURCHASE ORDER WORTH 99.2 MILLION RUPEES

Source text: ID:nBSE74YnTy

Further company coverage: AVAN.NS

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Aug 11 (Reuters) - Avantel Ltd AVAN.NS:

• AVANTEL LTD - RECEIVES 101.1 MILLION RUPEES ORDER FROM HAL

Source text: ID:nBSE1hGS6c

Further company coverage: AVAN.NS

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** Shares of Avantel AVAN.NS fall as much as 5.6% to 139 rupees, lowest since January 2

** Communications and networking services provider posts a 56.3% Y/Y decline in June-qtr consol net profit; total rev from ops rises 0.3% Y/Y

** More than 1.3 mln shares change hands, 0.8x of 30-day avg

** Stock down 4.4% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

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July 1 (Reuters) - Avantel Ltd AVAN.NS:

• RECEIVES PURCHASE ORDER WORTH 59.7 MILLION RUPEES

Source text: ID:nNSE5tDWl4

Further company coverage: AVAN.NS

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April 29 (Reuters) - Avantel Ltd AVAN.NS:

• AVANTEL LTD - RECEIVES PURCHASE ORDER WORTH 177 MILLION RUPEES

Source text: ID:nBSE2Bq5ty

Further company coverage: AVAN.NS

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Feb 25 (Reuters) - Avantel Ltd AVAN.NS:

• AVANTEL LTD - RECEIVES PURCHASE ORDER WORTH 16.4 MILLION RUPEES FROM LARSEN & TOUBRO

Source text: ID:nBSE5PCrLK

Further company coverage: AVAN.NS

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** Shares of Avantel AVAN.NS up 13.8% to 121.8 rupees, set for biggest ever single-day gain

** Communications and networking services provider wins purchase order worth 432.5 mln rupees ($5 mln) from NewSpace India

** More than 5.1 mln shares traded, 6.2x its 30-day moving avg

** AVAN down ~43% since its listing in July 2024

($1 = 86.6210 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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Feb 4 (Reuters) - Avantel Ltd AVAN.NS:

• RECEIVES PURCHASE ORDER WORTH 58.1 MILLION RUPEES

Source text: ID:nBSE4vj3v2

Further company coverage: AVAN.NS

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Jan 16 (Reuters) - Avantel Ltd AVAN.NS:

• GOT ORDER WORTH 86.1 MILLION RUPEES

Source text: [ID:]

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By Nivedita Bhattacharjee

BENGALURU, Oct 14 (Reuters) - India has a plan to carve out a beachhead in the battle for commercial space, officials say: crunching space data, building small satellites and launching them cheaply into orbit rather than challenging heavyweights such as SpaceX head-on.

In particular, it is taking aim at providing cost-effective services and hardware to sectors such as communications, agriculture and commodities, where high-quality data is a precious resource.

At stake is a launch market worth $14.54 billion by 2031, and a related data services market pegged at $45 billion by 2030.

"The world has gone from satellites the size of a Boeing plane to the size of a laptop," said AK Bhatt, director general of the Indian Space Association, an industry body.

"This is a sector that India can win, instead of challenging heavy launches where Elon Musk has dominance. The country already has an historical advantage in data mining and interpretation."

Since February, India has opened its space sector to private players and created a 10 billion rupee ($119 million) venture fund to support space startups. It has also unveiled plans for crewed space exploration and a mission to Venus, but the focus is on developing commercial ventures.

In many ways it will be an uphill fight. Other countries such as Japan and China have advanced space industries, and designs on cheap launches. Spaceflight itself is difficult; the startup landscape globally is littered with failed boosters and satellite designs.

For India, "the tech is there and the ability is there... but space is tricky and very competitive, and while private companies have shown that they can create a niche for themselves, we need more proof of concept," said Namrata Goswami, a space policy expert at Arizona State University.

She added that the Indian government must be an "anchor customer" for private industry.

Most of the revenue growth is expected to come from so-called downstream data applications, said Pawan Goenka, chairman of IN-SPACe, India's space regulatory body.

Those involve crunching data from orbit to help improve crop yields on earth, build more accurate navigation systems, bolster telecommunications, tighten border security and fight climate change, Goenka said.

Indian companies such as Bellatrix Aerospace, Pixxel, Agnikul Cosmos, Dhruva Space and others are already building or have launched small satellites or satellite components.

India's space agency, ISRO, last month completed the third and final developmental flight for its Small Satellite Launch Vehicle. The design will then be handed to private companies.

"The end uses of Earth observation are vast," Goenka said. "What we are doing is address various parts of the puzzle."

Bengaluru-based SatSure, for example, has been providing real-time satellite data to the Airports Authority of India to enhance air traffic management and safety, helping planes avoid weather hazards. The project is expected to save 37.5 billion rupees ($446 million) in fuel costs for airlines annually by 2025 and result in a roughly 70% reduction in airport process planning timelines, the authority said.

Earth observation (EO) satellites - orbiting cameras and sensors - can unlock similar savings in other areas, said the company's chief executive, Prateep Basu.

"EO is solving problems that span across utilities, navigation, trading, industries, helping save millions of dollars," Basu said.

GOVERNMENT PUSH

Since the government opened up the market, companies big and small have jumped in, with legacy IT firms like Infosys INFY.NS investing in satellite imaging company GalaxEye Space Solutions, Google-backed GOOG.O Pixxel signing contracts with NASA, and Baring- and Promus-backed SatSure taking on clients such as HDFC Bank HDBK.NS and global seed company Syngenta.

Dhruva Space became one of the first to be handed a permit to operate satellite communication centres on earth - to date the dominion of ISRO.

"India is a software powerhouse and produces some of the best minds in the world in data science, machine learning, and artificial intelligence. The space downstream market is, at the end of the day, a software play," said Aravind Ravichandran, founder of France-based advisory firm Terrawatch Space.

The consultancy Euroconsult forecasts that between 2023 and 2032, about 26,104 small satellites - weighing less than 500 kilogrammes (1,100 lb) - will be put in orbit, averaging 1.5 tons of daily launch mass. The firm expects the overall small satellite industry to be worth $110.5 billion in the next decade.

Indian space companies have already seen an influx of funding - $126 million in 2023, a 7% increase from the $118 million raised in 2022 and an increase of 235% from the $37.6 million raised in 2021, according to Tracxn data.

But India has only about 2% of market share in commercial space activities, demand is still largely dependent on global clients, and well-established U.S., Russian and Chinese companies are formidable rivals.

"To truly make a dent, (Indian) solutions have to scale to the rest of south Asia and then to the rest of the world," said Pixxel founder and CEO Awais Ahmed.

($1 = 84.0560 Indian rupees)

(Reporting by Nivedita Bhattacharjee in Bengaluru; Editing by Gerry Doyle and Kim Coghill)

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** Shares of Avantel AVAN.NS rise as much as 12.7% to 201 rupees, their highest since Aug. 1

** Communications and networking services provider reported a 43% rise in Sept-qtr consolidated net profit and rev from ops

** Co helped by surge in demand for its core communications and signal processing products

** More than 3.2 mln shares change hands, 4.5x its 30-day avg

** Stock has dipped 1% since listing in July

(Reporting by Ashna Teresa Britto in Bengaluru)

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Sept 26 (Reuters) - Avantel Ltd AVAN.NS:

• AVANTEL - GOT ORDER WORTH 34.5 MILLION RUPEES

Further company coverage: AVAN.NS

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** Shares of Avantel AVAN.BO rise 6.8% to 180.85 rupees

** Satellite communication services provider gets work order worth ~94 mln rupees ($1 mln) from NewSpace India for supplying, installing and commissioning a Ground Segment Hub

** More than 345,000 shares change hands, 1.3x the 30-day avg

** AVAN climbs ~61% YTD, on track for sixth straight year of gains

($1 = 83.7670 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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Sept 17 (Reuters) - Avantel Ltd AVAN.NS:

• AVANTEL - GOT ORDER WORTH 93.9 MILLION RUPEES

Further company coverage: AVAN.NS

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Aug 21 (Reuters) - Avantel Ltd AVAN.NS:

• AVANTEL - GETS PURCHASE ORDER WORTH 679.2 MILLION RUPEES

Source text for Eikon: ID:nBSE8Mlzyt

Further company coverage: AVAN.NS

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May 7 (Reuters) - Avantel Ltd AVAN.BO:

• GETS ORDER WORTH 42.6 MILLION RUPEES

Source text for Eikon: ID:nBSEbHPyTy

Further company coverage: AVAN.BO

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