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As on : 10-Oct-2026
Hot Pursuit
10-Oct-2026     10:29

Avantel Limited secures Rs 12.04 crore Satcom equipment maintenance order from Larsen & Toubro

Avantel Ltd. is currently down 0.92% to Rs 143.98, extending a recent decline that has seen the stock fall 4.19% over the last one week.

Avantel Limited announced it has received a purchase order from Larsen & Toubro Limited, dated October 9, 2026, for comprehensive annual maintenance of Satcom equipment, valued at Rs 12.04 Crores (inclusive of applicable taxes), with the work expected to be completed by October 2028. The order, considered a domestic service engagement, does not involve any related party transactions or interest from promoters, promoter groups, or group companies.

Trading volume reached 7.41 lakh shares today, representing a 40.1% decrease compared to the average volume over the past week. Avantel Ltd. plunged 30.52% year-over-year, underperforming the 10.57% loss recorded by the NIFTY50 index.

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