Avantel Receives ₹117.88 Crore DRDO Contract

Core Announcement – Order Details

Awarding Entity: Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India

Domestic/International Order: Domestic

Nature of Order/Contract: Development, Installation & Commission of Ground Segment Hub for voice & data Communication.

Order Value: Rs. 117.88 Crores (Rupees One Hundred Seventeen Crores Eighty Eight lakhs Only), inclusive of applicable taxes.

Materiality Context: Not Specified.

Execution Timeline: February 2029.

Revenue Recognition / Billing Structure: Not Specified.

Key Terms & Payment Milestones: Warranty Period of 36 months is specified. Other payment terms and milestones are not disclosed.

Whether Related Party Transaction: No. The disclosure explicitly states "Not Applicable".

Promoter Group Involvement: No. The disclosure explicitly states "Not Applicable" for promoter/promoter group/group companies having any interest in the entity that awarded the order.

Financial Implication: Not Specified. The document does not disclose contribution to order book, impact on backlog, capacity utilization, capex, or working capital implications.