Avantel Limited, a leading player in defence communications and electronics manufacturing, has officially announced the receipt of a significant purchase order worth ₹11.06 crores (inclusive of taxes) from Mazagon Dock Shipbuilders Limited. The order was confirmed via email on June 20, 2025, and formally disclosed by Avantel on June 21, 2025, under Regulation 30 of SEBI (LODR) Regulations, 2015.

This latest development adds substantial momentum to Avantel’s business pipeline, particularly within the defence and strategic sectors where reliability, innovation, and delivery timelines are critical.

📄 Order Details as Disclosed by Avantel

According to the regulatory filing made to both BSE (Scrip Code: 532406) and NSE (Symbol: AVANTEL), the purchase order comes with clearly defined contractual terms and performance obligations.

🏗️ Scope and Strategic Importance

Mazagon Dock Shipbuilders Limited (MDL) is one of India’s premier shipbuilding companies, specializing in the construction of warships and submarines. Winning a manufacturing contract from such a reputed defence PSU underscores Avantel’s credibility in delivering high-end communication and electronic systems for strategic applications.

The execution window between April 2026 and August 2029 suggests that this is a multi-phase, high-value project potentially linked to the Navy’s modernization initiatives or advanced warship integration programs.

The project’s manufacturing nature aligns perfectly with Avantel's capabilities in high-reliability systems used in defence communication, satellite networks, and real-time monitoring platforms.

📈 Business and Financial Impact

This ₹11.06 crore order strengthens Avantel’s order book and enhances its visibility in the defence public sector supply chain. Although the execution starts in FY26, the financial implications in terms of planning, hiring, and material sourcing may begin as early as FY25, leading to a ramp-up in operations.

Further, the longer execution horizon till FY30 provides multi-year revenue assurance, helping stabilize cash flows and capacity utilization over time.

🛡️ Compliance and Transparency

Avantel has explicitly confirmed in its filing that:

• The order is not a related party transaction.

• There is no promoter interest or conflict of interest in awarding this contract.

• The order is being disclosed in accordance with SEBI circulars dated September 9, 2015, and July 13, 2023, which emphasize transparency in material event disclosures.

The company also reiterated that this information is available on its official website – www.avantel.in, ensuring accessibility to shareholders and stakeholders.

💼 Company Profile: Avantel Limited

Founded in 1990 and headquartered in Visakhapatnam, Andhra Pradesh, Avantel Limited is an ISO 9001:2015 and AS 9100D certified company. It operates in the niche domain of:

• Defence communication systems

• Satellite-based maritime communication solutions

• RF and microwave subsystems

• Radar-based surveillance

• Wireless communication systems

Avantel’s corporate office is based in Madhapur, Hyderabad, and the company is listed on both BSE and NSE, with ISIN: INE005B01027.

The firm has developed a strong foothold in supplying critical systems for Indian Defence forces, ISRO, DRDO, and other strategic programs.

🗣️ Official Statement

The filing was signed by D Rajasekhara Reddy, Company Secretary & Compliance Officer of Avantel Limited. While no direct quote was included in the disclosure, the nature of the order and its strategic client base underscores Avantel’s commitment to delivering mission-critical solutions for India’s defence ecosystem.

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