Avantel Receives ₹9.94 Crore DRDO Satellite Terminals 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 and Testing of Satellite Terminals for GSAT. The nature is specified as "Manufacturing & Service".

Order Value: ₹9.94 Crores (Rupees Nine Crore Ninety-Four Lakh Only), inclusive of applicable taxes.

Materiality Context: Not Specified

Execution Timeline: December 2028

Revenue Recognition / Billing Structure: Not Specified

Key Terms & Payment Milestones: Significant terms include a warranty period of 24 months. Other payment terms and milestones are not specified.

Whether Related Party Transaction: No. The disclosure explicitly states "Not Applicable" for both related party transactions and promoter group interest.

Promoter Group Involvement: No. The disclosure states "Not Applicable" regarding whether promoters/promoter group/group companies have any interest in DRDO.

Financial Implication: Not Specified