Nature of the Event
Avantel Limited has received a purchase order worth ₹20.81 Crores (inclusive of applicable taxes) from Larsen & Toubro Limited for services relating to SATCOM Products.
Key Quantitative Figures
The order value is ₹20.81 Crores, inclusive of all applicable taxes.
Dates of Action
The purchase order was received vide intimation dated July 17, 2026. The disclosure was made to the exchanges on July 18, 2026. The order is to be executed by July 2027.
Parties Involved
The order was awarded by Larsen & Toubro Limited (L&T) to Avantel Limited. The transaction is domestic in nature.
Significant Terms and Conditions
The order involves service of SATCOM products. The broad consideration is ₹20.81 Crores inclusive of taxes.
Related Party Considerations
The company confirmed that the promoter/promoter group/group companies have no interest in Larsen & Toubro Limited. The order does not qualify as a related party transaction.