Introduction:
Defence stock has announced a new contract win worth ₹11.36 Crores from Goa Shipyard Limited. The deal involves supplying Satcom Systems and strengthens its position in India’s growing defence communication segment, supporting future growth and reinforcing sector-specific manufacturing expertise.
Share Price movement of Avantel:
On April 1, 2025, Avantel Limited opened at ₹113.00, reaching a high of ₹118.26, up 1.49% from its previous close of ₹113.26, and a low of ₹113.00. The stock is currently trading at ₹114.95, with a market cap of ₹2,813.24 Crores.
Avantel received order:
Avantel Limited has received a purchase order worth ₹11.36 Crores (including taxes) from Goa Shipyard Limited. The contract involves the supply of Satcom Systems under a domestic manufacturing agreement, highlighting Avantel’s continued role in India’s defence technology sector.
The order is scheduled for execution between February 2026 and March 2027. It reinforces Avantel’s capabilities in delivering strategic communication solutions within the stipulated timeframe. This domestic contract does not involve any related party transaction or promoter group interest.
The order boosts Avantel’s order book and affirms its credibility in the Indian naval and defence communication infrastructure. The contract reflects trust in Avantel’s technical expertise and supports its long-term growth in the high-tech communications space.
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Ace investor holding of Avantel:
K. Swapna holds 60,22,448 shares of Avantel Ltd., valued at ₹69.4 Crores, representing a 2.46% stake (as of December 2024). This significant investment underlines strong confidence in Avantel’s long-term growth in the defence communication sector.
Shalu Aggarwal holds 29,10,000 shares of Avantel Ltd., valued at ₹33.5 Crores, comprising a 1.19% stake (as of December 2024). Her continued holding reflects optimism toward Avantel’s potential in Satcom solutions and domestic defence manufacturing contracts.
Stock performance of Avantel for Period of 1 week, 6 months and 1 year:
Avantel stock declined by 0.40% over the past week and recorded a sharp 37.0% drop in the last six months. However, on a longer horizon, it delivered a modest 9.87% return over one year, showing resilience despite recent volatility.
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Shareholding pattern of Avantel:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 38.58 | 40.06 | 40.06 |
| FII | 0.18 | 0.11 | 0.01 |
| DII | 0.92 | 0.65 | 0.39 |
| Retail & others | 60.33 | 59.18 | 59.53 |
About Avantel:
Avantel Ltd (NSE: AVANTEL) is a Hyderabad-based defence and aerospace technology company specializing in satellite communication (Satcom), wireless communication, and embedded systems. It serves key sectors like Indian Navy, railways, and aerospace with advanced communication and surveillance solutions across India.
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.
