Corporate

Avantel bags major order from DRDO worth Rs 13.67 crore

Psu Connect Date: 21-06-25

Telecom Equipment Company, Avantel Ltd has received a Purchase Order worth of Rs.13.67 Crores (Incl. Taxes) vide mail dated June 20, 2025, for development of SDRs from Defence Electronics Applications Laboratory (DEAL), DRDO. The order would be executed by August 2027.

In a separate regulatory filing, the company has informed that it has also received a major work order from Mazagon Dock Ltd worth Rs 11.60 crore.

Shares of Avantel Ltd were closed higher by 0.65% at Rs 154.95 at BSE.

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