Avantel (AVANTEL): Six Disclosed Orders Since June 2026, with ₹117.88 Cr DRDO Contract as the Anchor
On 10 October 2026, Avantel informed BSE that it had received a purchase order from Larsen & Toubro for comprehensive annual maintenance of satellite communication (SATCOM) equipment, valued at ₹12.04 crore inclusive of taxes, to be executed by October 2028 (BSE filing, 10 Oct 2026). That filing is the latest in a string of order disclosures stretching back to June—six separate wins in roughly three months.
The order book disclosed since June
Avantel has reported a steady flow of domestic contracts, mostly from defence clients and engineering majors. The disclosures, in chronological order:
- 30 June 2026: A ₹83.80 crore purchase order from Zetwerk Manufacturing Businesses Limited, for supply of SATCOM equipment with a one-year onsite warranty. The order was placed under a previously awarded rate contract and carries an execution deadline of March 2027 (BSE filing, 30 Jun 2026).
- 18 July 2026: A ₹20.81 crore purchase order from L&T for services related to SATCOM products, to be executed by July 2027 (BSE filing, 18 Jul 2026).
- 29 August 2026: A ₹117.88 crore contract from DRDO (Ministry of Defence) for development, installation, and commissioning of a Ground Segment Hub for voice and data communication, to be executed by February 2029 (BSE filing, 29 Aug 2026).
- 1 October 2026: A ₹6.02 crore contract from the Directorate of Electrical Engineering, Naval Headquarters, MoD, for comprehensive annual maintenance of SATCOM equipment, to be executed by September 2029 (BSE filing, 1 Oct 2026).
- 10 October 2026: A ₹12.04 crore purchase order from L&T for comprehensive annual maintenance of SATCOM equipment, to be executed by October 2028 (BSE filing, 10 Oct 2026).
A separate smaller DRDO contract—₹9.94 crore for development and testing of satellite terminals—was disclosed on 8 June 2026 (BSE filing, 8 Jun 2026), taking the disclosed numbers further back.
What the quarterly results showed
Avantel reported Q1FY27 results on 11 July 2026. Consolidated revenue stood at ₹70.42 crore, with profit after tax of ₹5.39 crore (BSE filing, 11 Jul 2026). The filing noted that the core communications segment drove growth, while the healthcare subsidiary posted a loss of ₹2.22 crore (BSE filing, 11 Jul 2026).
Merger of the healthcare subsidiary
On 12 September 2026, Avantel informed exchanges that its board would meet on 18 September to consider a scheme of merger of Imeds Global Private Limited, its wholly owned subsidiary, into Avantel (BSE filing, 12 Sep 2026). The board approved the merger on 18 September, alongside an alteration of the Memorandum of Association to add business objects covering medical devices, space systems, energy, advanced manufacturing, microelectronics, and AI (BSE filing, 18 Sep 2026).
What the filings say comes next
The order disclosures carry stated execution periods. The Zetwerk order runs to March 2027. The July L&T order runs to July 2027. The two maintenance contracts—with the Naval Headquarters and L&T—extend to September 2029 and October 2028, respectively. The DRDO Ground Segment Hub contract, the largest of the set at ₹117.88 crore, runs to February 2029.
The company has also disclosed board appointments: Siddhartha Sagar was re-appointed as Executive Director (Strategy & Business Development) for five years from March 2027, and Peddi Bala Bhaskar Rao was appointed as Director (Operations) for three years effective July 2026, subject to shareholder approval (BSE filing, 11 Jul 2026).
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The filing evidence
| Date | What the filing said | Detail | Source |
|---|---|---|---|
| 30 Jun 2026 | Avantel receives a firm purchase order worth Rs. 83.80 crore from Zetwerk Manufacturing for supply of satellite communication equipment. | Avantel announced that it has received a purchase order dated June 29, 2026, from Zetwerk Manufacturing Businesses Limited pursuant to a previously awarded rate contract, for the supply of satellite communication equipment with a one-year comprehensive onsite warranty. The order value is Rs. 83.80 crore (inclusive of taxes) and is to be executed by March 2027. | filing |
| 18 Jul 2026 | Avantel receives Rs 20.81 crore purchase order from Larsen & Toubro for SATCOM products | Avantel Limited announced receipt of a purchase order from Larsen & Toubro Limited (L&T) for services related to SATCOM products, valued at Rs 20.81 crore (inclusive of taxes). The order is domestic and is to be executed by July 2027. | filing |
| 29 Aug 2026 | Avantel receives Rs 117.88 crore contract from DRDO for Ground Segment Hub development and installation, to be executed by February 2029. | Avantel has been awarded a contract from DRDO, Ministry of Defence, Government of India, for the Development, Installation & Commission of a Ground Segment Hub for voice & data communication. The total contract value is Rs 117.88 crore inclusive of taxes, with execution deadline of February 2029. | filing |
| 1 Oct 2026 | Avantel wins Rs 6.02 crore comprehensive annual maintenance contract from Naval Headquarters, Ministry of Defence. | Avantel received a contract from the Directorate of Electrical Engineering, Naval HQ, MoD for Comprehensive Annual Maintenance of Satcom Equipment, valued at Rs 6.02 crores inclusive of taxes. The domestic service contract is to be executed by September 2029. | filing |
| 10 Oct 2026 | Avantel receives Rs 12.04 crore comprehensive annual maintenance order from Larsen & Toubro. | Avantel has received a purchase order from Larsen & Toubro Limited for comprehensive annual maintenance of satellite communication (SATCOM) equipment, valued at ₹12.04 crore (inclusive of taxes), to be executed by October 2028. | filing |
| 8 Jun 2026 | Avantel Secures Major Contract from DRDO for Satellite Terminals Development and Testing | Avantel Limited has received a contract worth Rs. 9.94 Crores from the Defence Research and Development Organisation (DRDO) for the development and testing of satellite terminals. | filing |
| 24 Jun 2026 | Avantel Limited announces the completion of tenure of Independent Director Mr. Myneni Narayana Rao effective June 24, 2026. | Mr. Myneni Narayana Rao ceased to be an Independent Director of Avantel Limited upon completion of his second consecutive term, with effect from the close of business hours on June 24, 2026. | filing |
| 11 Jul 2026 | Avantel Q1FY27: Revenue ₹70.42 Cr (+35.7% YoY), EBITDA margin expands 467bps to 24.9%, PAT ₹5.39 Cr (+67.2% YoY) — growth inflection after 5 quarters of margin contraction, but Healthcare subsidiary loss drags consolidated profit below standalone. | filing | |
| 11 Jul 2026 | Consolidated revenue ₹70.42 Cr, +35.7% YoY; PAT ₹5.39 Cr, +67.1% YoY; core communications segment drives growth while healthcare subsidiary continues to drag with ₹2.22 Cr loss. | filing | |
| 11 Jul 2026 | Avantel re-appoints Executive Director Siddhartha Sagar for 5 years, appoints Peddi Bala Bhaskar Rao as Director (Operations), and re-appoints Independent Director Vyasabhattu Ramchander for a second term. | The Board approved the re-appointment of Mr. Abburi Siddhartha Sagar as Executive Director (Strategy & Business Development) for 5 years from March 2027, appointed Mr. Peddi Bala Bhaskar Rao as Director (Operations) for 3 years effective July 11, 2026, and re-appointed Mr. Vyasabhattu Ramchander as Independent Director for a second 5-year term from May 2027, all subject to shareholder approval via postal ballot. Committees were also reconstituted. | filing |
| 12 Sept 2026 | Avantel to consider merger of wholly owned subsidiary Imeds Global Private Limited into itself at board meeting on September 18 | Avantel notified stock exchanges that its board will meet on September 18, 2026 to consider and approve a scheme of merger of its wholly owned subsidiary Imeds Global Private Limited into Avantel. | filing |
| 18 Sept 2026 | Avantel board approves merger of wholly owned subsidiary Imeds Global and alteration of Memorandum of Association | The Board of Directors of Avantel approved the merger of its wholly owned subsidiary Imeds Global Private Limited into itself, along with an alteration of the Memorandum of Association to add new business objects covering medical devices, space systems, energy, advanced manufacturing, microelectronics, and AI. | filing |
Quick answers
- What did Avantel disclose?
- On 10 October 2026, Avantel informed BSE that it had received a purchase order from Larsen & Toubro for comprehensive annual maintenance of satellite communication (SATCOM) equipment, valued at ₹12.04 crore inclusive of taxes, to be executed by October 2028 (BSE filing, 10 Oct 2026).
- What are the key numbers?
- Avantel reported Q1FY27 results on 11 July 2026. Consolidated revenue stood at ₹70.42 crore, with profit after tax of ₹5.39 crore (BSE filing, 11 Jul 2026). The filing noted that the core communications segment drove growth, while the healthcare subsidiary posted a loss of ₹2.22 crore (BSE filing, 11 Jul 2026).
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