Order Wins / Contract Awards
Avantel Secures ₹20.81 Crore SATCOM Services Order from Larsen & Toubro
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- Avantel Limited has received a purchase order worth ₹20.81 crore (inclusive of applicable taxes) from Larsen & Toubro Limited (L&T) for services relating to SATCOM Products.
- The order is scheduled to be executed by July 2027 and has been awarded by a domestic entity.
- The company disclosed the development under Regulation 30 of the SEBI (LODR) Regulations, 2015.
PRICE-SENSITIVE TRIGGER
Event: Receipt of Purchase Order from Larsen & Toubro Limited for SATCOM Product Services
Type: Order Wins / Contract Awards
Impact: Positive
Immediate Effect: The order strengthens Avantel’s order book and reinforces its position as a supplier of satellite communication (SATCOM) solutions for domestic customers. The execution of the contract is expected to continue through July 2027.
highlight:
- Order Value: ₹20.81 crore (inclusive of applicable taxes)
- Customer: Larsen & Toubro Limited
- Nature of Order: Services relating to SATCOM Products
- Execution Timeline: By July 2027
- Awarding Entity: Domestic
What Happened ?
Avantel Limited informed the stock exchanges that it has received a purchase order from Larsen & Toubro Limited (L&T) for providing services related to SATCOM Products.
The purchase order, communicated to the company on 17 July 2026, carries a total value of ₹20.81 crore (inclusive of applicable taxes). According to the disclosure, the contract has been awarded by a domestic entity and is expected to be completed by July 2027.
key details
Purchase Order Details:
- Purchase order awarded by Larsen & Toubro Limited.
- Order relates to services for SATCOM Products.
- Total contract value stands at ₹20.81 crore (inclusive of taxes).
- The order has been awarded by a domestic customer.
- Contract execution is scheduled for completion by July 2027.
Business Significance:
The order adds to Avantel’s execution pipeline and highlights continued demand for its satellite communication solutions from large domestic engineering and infrastructure companies. Orders from established customers such as Larsen & Toubro can support business visibility over the execution period.
Regulatory Disclosure:
The company confirmed that:
- The order does not involve any promoter, promoter group or group company interest.
- The transaction is not a related-party transaction.
Note:
The company has not disclosed:
- The specific scope of SATCOM services.
- Revenue recognition schedule.
- Profitability or margin expectations from the contract.
- Any expected impact on future financial performance.
Risk Analysis
Summary:
- While the order strengthens Avantel’s order book, its financial contribution will depend on timely execution and revenue recognition over the contract period.
Key Risks:
- Execution risk until project completion in July 2027.
- Revenue recognition will occur over the execution period rather than immediately.
- The company has not disclosed project margins or profitability.
- Any delays in execution could defer revenue realization.
Worst Case:
- Any significant execution delays, changes in customer requirements or project disruptions could postpone revenue recognition or affect project profitability.
Risk Level: Low
Company Commentary
- Avantel has received a purchase order from Larsen & Toubro Limited.
- The order is for services relating to SATCOM Products.
- The contract is valued at ₹20.81 crore (inclusive of taxes).
- The project is scheduled for execution by July 2027.
- The order is not related to any promoter or related-party transaction.
Official Exchange Filing: Avantel Limited
