Avantel Limited, a leading player in defence and satellite communication solutions, has announced a significant business development. The company has received a Purchase Order worth Rs 122.58 Crores (excluding taxes) from M/s. NewSpace India Limited (NSIL). The intimation was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The order relates to the Supply of S/X-band with Ka-band ready full motion Antennas, marking an important milestone in Avantel’s growing defence and aerospace portfolio.

The company officially informed both stock exchanges — BSE Limited (Scrip Code: 532406) and National Stock Exchange of India Limited (Symbol: AVANTEL) — on February 11, 2026.

This order strengthens Avantel’s position in India’s expanding space and defence ecosystem.

Details of the Purchase Order

As per the disclosure made to stock exchanges, the total contract value stands at Rs 122.58 Crores (Excluding Taxes). The order was received via email dated February 10, 2026.

The key highlights of the contract include:

• Awarding Entity: M/s. NewSpace India Limited

• Nature of Contract: Supply, Installation and Commissioning

• Type: Domestic Order

• Execution Timeline: To be completed by August 2027

• Security Deposit: 2.50%

• Performance Bank Guarantee: 0.50%

The contract clearly states that there is no promoter or related party interest involved in the awarding entity. Furthermore, the order does not fall under related party transactions.

This ensures that the transaction is fully compliant with corporate governance standards.

Understanding the Scope of Work

The contract involves the supply of S/X-band with Ka-band ready full motion antennas.

These are advanced communication systems used in:

• Satellite communication

• Space research programs

• Defence communication networks

• Tracking and telemetry systems

• Aerospace applications

The inclusion of Ka-band readiness adds technological flexibility and future scalability to the systems.

In today’s modern defence and space ecosystem, multi-band antenna systems are essential for:

• High-speed data transmission

• Secure communication

• Real-time satellite tracking

• Mission-critical operations

Avantel’s expertise in communication technologies makes it well positioned to execute such sophisticated projects.

About NewSpace India Limited (NSIL)

NewSpace India Limited (NSIL) is the commercial arm of the Indian Space Research Organisation (ISRO).

NSIL plays a crucial role in:

• Commercialisation of space technologies

• Satellite launches

• Manufacturing and leasing of satellites

• Promoting Indian space products globally

Securing an order from NSIL is strategically significant. It indicates that Avantel’s products meet the stringent technical and quality standards required in India’s space programs.

Strategic Importance of the Order

This order is not just about revenue. It has broader strategic implications.

1. Strengthening Order Book

An order worth Rs 122.58 Crores significantly strengthens Avantel’s order book. For mid-sized defence technology companies, such contracts provide revenue visibility over multiple years.

Since execution is scheduled till August 2027, this ensures long-term revenue inflow.

2. Boost to Defence and Space Portfolio

Avantel has been expanding its footprint in:

• Defence electronics

• Satellite communication systems

• Tactical communication solutions

• Radar and surveillance support systems

This contract further solidifies its positioning in the defence and aerospace segment.

3. Government-Linked Business Stability

Orders from government-backed entities like NSIL typically offer:

• Lower credit risk

• Structured payment mechanisms

• Long-term business relationships

This enhances financial stability.

Financial Implications

A contract size of Rs 122.58 Crores (excluding taxes) is significant when compared to the annual revenues of companies operating in this segment.

Such large-value contracts can:

• Improve revenue growth trajectory

• Enhance EBITDA margins (depending on execution efficiency)

• Increase net profit over execution period

• Strengthen balance sheet visibility

However, revenue recognition will depend on milestone completion and accounting policies.

Execution Timeline and Operational Impact

The project is to be executed by August 2027, giving the company a timeline of approximately 18 months to complete supply, installation, and commissioning.

This implies:

• Strong production planning

• Supply chain management

• Quality assurance compliance

• Testing and certification processes

Given Avantel’s existing manufacturing infrastructure at:

• Visakhapatnam (Registered Office & Unit-1)

• Hyderabad Unit-2

The company appears operationally prepared for execution.

Compliance and Governance Perspective

The disclosure has been made in line with:

• SEBI LODR Regulations, 2015

• SEBI circular dated September 9, 2015

• SEBI circular dated July 13, 2023

Such timely and detailed disclosures indicate:

• Strong corporate governance

• Transparent investor communication

• Regulatory compliance discipline

Additionally, the company clarified that:

• There is no promoter interest in the awarding entity

• It is not a related party transaction

This reduces governance-related concerns.

Technological Edge of S/X-Band with Ka-Band Ready Antennas

Understanding the technology behind the order is crucial.

S-Band

Used primarily for:

• Satellite telemetry

• Weather radar

• Communication satellites

It provides reliable transmission under various atmospheric conditions.

X-Band

Commonly used in:

• Military radar systems

• Space research

• Earth observation satellites

It supports higher resolution imaging and data transfer.

Ka-Band Ready Systems

Ka-band offers:

• Higher frequency spectrum

• Faster data transfer speeds

• Greater bandwidth capacity

In modern defence and satellite networks, Ka-band readiness ensures future compatibility.

This makes the product offering advanced and future-proof.

Impact on Avantel’s Market Position

Avantel has gradually positioned itself as a niche player in:

• Secure communication systems

• Satellite ground segment equipment

• Tactical defence electronics

Winning this order reinforces:

• Technical credibility

• Capability in handling large-scale projects

• Competitive positioning against industry peers

It also enhances the company’s reputation in the high-entry-barrier defence and space domain.

Defence Sector Growth in India

India’s defence and space ecosystem is undergoing transformation under:

• Make in India initiative

• Defence indigenisation programs

• Increased private sector participation

• ISRO commercial expansion

Companies like Avantel benefit from:

• Growing domestic demand

• Reduced import dependency

• Policy push for indigenous manufacturing

This order reflects the broader trend of increasing opportunities in the sector.

Investor Perspective

From an investor standpoint, such orders:

• Improve revenue predictability

• Add credibility to management execution

• Enhance long-term growth visibility

However, investors should monitor:

• Timely execution

• Margin sustainability

• Working capital management

• Order inflow consistency

Large orders are positive, but consistent pipeline growth is equally important.

Risk Factors

While the order is positive, some execution-related risks remain:

• Delays in supply chain

• Regulatory approvals

• Testing and commissioning complexities

• Cost overruns

However, given Avantel’s experience in defence communication systems, these risks may be manageable.

Manufacturing Infrastructure Support

Avantel operates from:

• Visakhapatnam Registered Office & Unit-1

• Hyderabad Unit-2 in E-City, Raviryal

These facilities are certified under:

• AS 9100D

• ISO 9001:2015

Such certifications are critical for aerospace and defence manufacturing.

They indicate:

• Quality management compliance

• Aerospace-grade manufacturing standards

• Process control discipline

This supports the company’s ability to execute complex orders.

Long-Term Outlook

The defence and satellite communication sector is expected to grow steadily in India.

Key drivers include:

• Increased defence budget allocation

• Satellite communication expansion

• Space commercialization

• Strategic defence modernization

Avantel’s growing order book aligns well with these macro trends.

If execution remains strong, the company could see:

• Sustained revenue growth

• Improved operating leverage

• Enhanced market valuation

Conclusion

Avantel Limited’s receipt of a Rs 122.58 Crore Purchase Order from NewSpace India Limited marks a significant milestone in its growth journey.

The contract involves Supply, Installation and Commissioning of S/X-band with Ka-band ready full motion Antennas, to be executed by August 2027.

Key positives include:

• Strong order value

• Government-backed client

• No related party involvement

• Clear regulatory compliance

• Long-term revenue visibility

The order strengthens Avantel’s positioning in the defence and space communication sector and adds stability to its order book.

In the current environment where India is focusing on self-reliance in defence and space technologies, companies like Avantel stand to benefit from increasing domestic opportunities.

Investors and market participants will now watch closely how the company executes this contract and whether it continues to secure similar high-value orders in the future.

Overall, this development reflects a positive operational update and underlines Avantel’s growing relevance in India’s strategic technology ecosystem.

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