AVANTEL

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

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

Source text: ID:nBSE5PCrLK

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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

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

• GOT ORDER WORTH 86.1 MILLION RUPEES

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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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** 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

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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

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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

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

• GETS ORDER WORTH 42.6 MILLION RUPEES

Source text for Eikon: ID:nBSEbHPyTy

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Avantel Ltd AVAN.BO:

• AVANTEL LTD- RECEIPT OF PURCHASE ORDER WORTH 91 MILLION RUPEES

Source text for Eikon: ID:nBSE83nhkz

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March 22 (Reuters) - Avantel Ltd AVAN.BO:

• RECEIVED PURCHASE ORDER WORTH 28.6 MILLION RUPEES

Source text for Eikon: ID:nBSE9Bc2Qd

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** Shares of Avantel Ltd AVAN.BO up 3.4% at 127.25 rupees

** Co received orders worth 679.2 million rupees ($8.2 million) to supply satellite communication terminals

** AVAN rose as much as 5.6% earlier in the session

** Shares on track to snap three straight sessions of losses

** Stock up ~400% YTD; it had more than doubled in both 2021 and 2022

($1 = 83.3300 Indian rupees)

(Reporitng by Nishit Navin)

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Avantel Ltd AVAN.BO:

• AVANTEL LTD- RECEIVED A PURCHASE ORDER WORTH 176.4 MILLION RUPEES

Source text for Eikon: ID:nBSE7PQXbj

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** Shares of India's Avantel AVAN.BO jump as much as 20% to a record 324.10 rupees

** Stock posts biggest intra-day pct gain since March 15, 2022

** Co posted near 3-fold jump in Sept-qtr profit after revenue surged more than 49%

** AVAN also approved bonus share issue in 2:1 ratio

** More than 1.8 mln shares changed hands by 12:10 p.m. IST, 5.3x the 30-day avg

** Stock up over 310% YTD

(Reporting by Hritam Mukherjee in Bengaluru)

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Oct 6 (Reuters) - Avantel Ltd AVAN.BO:

• AVANTEL LTD - GETS ORDER WORTH 103.9 MILLION RUPEES

Source text for Eikon: ID:nBSE4Y8Tct

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Sept 28 (Reuters) - Avantel Ltd AVAN.BO:

• TO CONSIDER PROPOSAL FOR ISSUE OF BONUS SHARES BY CAPITALISATION OF RESERVES

Source text for Eikon: ID:nBSEbFkB7l

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Sept 13 (Reuters) - Avantel Ltd AVAN.BO:

• COMPANY HAS RECEIVED A SUPPLY ORDER WORTH 70.3 MILLION RUPEES

Source text for Eikon: ID:nBSE9z0prq

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Aug 23 (Reuters) - Avantel Ltd AVAN.BO:

• GOT PURCHASE ORDER WORTH 133 MILLION RUPEES FROM BHARAT ELECTRONICS

Source text for Eikon: ID:nBSE6nDlqV

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** Shares of India's Avantel AVAN.BO jumps as much as 7.14% at 874.70 rupees

** Co on Thursday said it received a purchase order worth 42.4 mln rupees (~$516,500) from Mazagon Dock Shipbuilders MAZG.NS

** Co also reported ~83% surge in June-qtr consol net profit on Thursday

** Stock snaps two straight sessions of losses; shares currently trading above 50-day, 100-day and 200-day moving averages

** More than 46,199 shares change hands by 11:31 A.M. IST, 0.7x 30-day avg

** Stock soars ~127% this year

($1 = 82.0930 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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July 13 (Reuters) - Avantel Ltd AVAN.BO:

• JUNE-QUARTER CONSOL NET PROFIT 80.1 MILLION RUPEES VERSUS 43.8 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 689.5 MILLION RUPEES VERSUS 269.9 MILLION RUPEES

Source text for Eikon: ID:nBSE9fwvrn

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

• TO CONSIDER SUB-DIVISION OF SHARES

Source text for Eikon: ID:nBSE6wyL1m

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May 17 (Reuters) - Avantel Ltd AVAN.BO:

• FINAL DIVIDEND OF 1 RUPEE PER SHARE

Source text for Eikon: ID:nBSE1hVCbb

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