Avantel zooms 7.5% after bagging ₹122.58 Cr order from NewSpace IndiaAvantel zooms 7.5% after bagging ₹122.58 Cr order from NewSpace India

Introduction

Leading technology firm wins ₹122.58 crore order from NewSpace India Limited for supply, installation, and commissioning of S/X-band antennas, scheduled for completion by August 2027.

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Share price movement of Avantel

On February 11, 2026, Avantel Ltd opened at ₹151.75, up 0.79% from its previous close of ₹150.55. The stock reached a high of ₹161.90 (7.54%) and a low of ₹149.20 (-0.89%). By 3:10 PM, it traded at ₹155.40, a 3.22% increase, with a market cap of ₹4,125.36 crore.

Avantel receives ₹122.58 crore order

Avantel Limited has received a purchase order worth ₹122.58 crore excluding taxes from NewSpace India Limited on February 10, 2026. The order is for supply of S/X-band antennas.

The contract includes supply, installation, and commissioning of Ka-band ready full motion antennas. Security deposit is 2.5% and performance bank guarantee is 0.5% of the order value.

The order is awarded by a domestic entity. Execution of the contract is scheduled by August 2027. The project is fully domestic and involves significant antenna technology supply.

Stock performance of Avantel for period of 1 week, 6 months, and 1 year

Avantel Ltd delivered a 1.25% loss over the past week, gained 14.0% in the past 6 months, and rose 32.7% over the past 1 year.

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Shareholding pattern of Avantel

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	37.10%	37%	37%
FII	0.60%	0.70%	0.50%
DII	0.00%	0.20%	0.20%
Public	62.30%	62.00%	62.20%

About Avantel

Avantel Ltd (NSE: AVANTEL) designs, develops, and maintains wireless, satellite communication products, defence electronics, radar systems, and network management software for aerospace and defence sector clients.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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