Avantel Receives ₹11.59 Crore Order from NewSpace India Limited
Avantel has secured a purchase order worth ₹11.59 crore from NewSpace India Limited for Xponder devices. This order emphasizes domestic manufacturing and is expected to be completed by October 2026, aligning with Avantel's growth strategy in advanced technologies.
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Avantel has been awarded an order valued at ₹11.59 crore from NewSpace India Limited, focusing on the supply, installation, and commissioning of Xponder devices. The contract is expected to be executed by October 2026 and emphasizes Avantel's commitment to domestic manufacturing.
This order is part of Avantel's strategy to strengthen its position in the domestic market for advanced technological solutions. Notably, the agreement is free from related party transactions, ensuring compliance with standard business practices. The implications for industry growth highlight the increasing demand for domestic technological solutions in the space sector.
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