Avantel

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

• RECEIVES CONTRACT FROM MINISTRY OF DEFENCE VALUED AT 60.2 MILLION RUPEES

Source text: ID:nBSE2nkPm6

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** Shares of communication company Avantel AVAN.NS up 7.20% at 156.69 rupees, their biggest pct jump since March 25, 2026

** Co wins order worth 1.77 billion rupees ($18.47 million) from Zetwerk Manufacturing Business for supply of satellite communication equipment

** Order to be executed by March 2027

** YTD, shares down 0.15%

($1 = 95.8525 Indian rupees)

(Reporting by Saikeerthi in Bengaluru)

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Avantel received a firm purchase order dated 22 September 2026 from Zetwerk Manufacturing Businesses Ltd for the supply of satellite communication equipment. The order was valued at ₹177.35 crore inclusive of taxes, is to be executed by March 2027 and carries a one-year comprehensive onsite warranty, and was placed under a rate contract awarded in March 2026. The award followed a ₹117.88 crore Defence Research and Development Organisation contract in August for development, installation and commissioning of a ground-segment hub for voice and data communications. Avantel develops and installs voice and data ground-segment and satellite systems for defence and government users, with its mix shifting toward satellite-systems and ground-segment builds and telemetry capacity at its E-City Unit-2. Revenue was ₹221.35 crore in the year to March 2026 after an 11% dip, while revenue for the June quarter was ₹70.12 crore with net profit of ₹7.62 crore.

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** Satellite communication systems maker Avantel AVAN.NS shares rise 2.9% to 161.39 rupees

** Co receives 1.18 billion rupee ($12.4 million) order from India's Defence Research and Development Organisation and Ministry of Defence

** Order to develop, install and commission ground segment hub for voice and data communication

** AVAN holds trailing 12-months PE of 242.64 vs industry median of 13.25 - data complied by LSEG

** YTD, stock up 2.6%

($1 = 95.4425 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)

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Avantel received a ₹117.88 crore contract from the Defence Research and Development Organisation, under the Ministry of Defence, to develop, install and commission a ground segment hub for voice and data communications. The domestic contract carried a 36-month warranty and was due to be executed by February 2029. Avantel reported revenue of ₹221.35 crore and profit after tax of ₹22.50 crore for FY26, after revenue of ₹248.48 crore in FY25. Revenue rose to ₹70.12 crore in the first quarter of FY27 from ₹51.84 crore a year earlier.

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Avantel Ltd received a firm purchase order worth ₹20.81 crore from Larsen & Toubro Limited for services related to its SATCOM products. The domestic order, inclusive of taxes, was communicated to the company on July 17 and must be executed within twelve months, by July 2027. The contract adds to Avantel’s growing order book from commercial clients and is the second significant satellite communication order disclosed this month, following a larger ₹83.80 crore win from Zetwerk Manufacturing. No promoter or related-party interest is involved in the transaction with L&T.

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** 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)

(([email protected];))

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

• AVANTEL LTD - RECEIVES CONTRACT VALUED AT 282 MILLION RUPEES

Source text: ID:nBSE1V4MhL

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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

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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

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** Shares of Avantel AVAN.NS rise as much as 14.7% to 138.81 rupees

** Set to rise most in two months

** Satellite communication services provider gets order worth 4.6 billion rupees ($48.98 million) from IPO bound contract electronics manufacturer Zetwerk

** AVAN to supply satellite communication equipment, which includes 1-year comprehensive onsite warranty and 5-year comprehensive annual maintenance contract AMC support

** More than 7.3 million shares traded so far, 6x their 30-day avg

** YTD, AVAN down about 11%

($1 = 93.9210 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru)

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

• RECEIVES PURCHASE ORDER WORTH 111.9 MILLION RUPEES

Source text: ID:nBSEXzlcz

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

• RECEIVES PURCHASE ORDER WORTH 17.6 MILLION RUPEES

Source text: ID:nBSE8C3qZ6

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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

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Sept 18 (Reuters) - Avantel Ltd AVAN.NS:

• AVANTEL LTD - RECEIVES PURCHASE ORDER WORTH 125.1 MILLION RUPEES

Source text: ID:nBSE42h1vb

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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

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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

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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

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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

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

• AVANTEL LTD - RECEIVES PURCHASE ORDER WORTH 177 MILLION RUPEES

Source text: ID:nBSE2Bq5ty

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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)

(([email protected]; +91 8697274436;))

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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Adds details on data provided by SatSure in paragraph 15

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 near real-time satellite data to the Airports Authority of India to enhance air traffic management and safety, helping airlines save fuel costs by improved flight planning. 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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