Avantel bags ₹118 cr contract from DRDO
Avantel has secured a ₹118 crore contract from DRDO to develop a Ground Segment Hub for satellite-based communication. The project is expected to be completed by February 2029 and focuses on indigenous defence technology.
Why it matters
This contract highlights the growth of private sector participation in India's indigenous defence and satellite communication infrastructure.
Technology solutions provider for defence and communication sectors Avantel has secured a contract for ₹117.88 crore from DRDO’s Defence Electronics Applications Laboratory (DEAL) for development, installation and commissioning of a Ground Segment Hub for voice and data communication using an Indian geostationary satellite.
The company said it remain focused on delivering indigenous communication solutions that support India’s strategic and defence requirements. The order reflects confidence in its technological and execution capabilities, Avantel said. The contract is to be executed by February 2029.
The company’s shares on Monday closed 2.17% higher at ₹160.15 apiece on the BSE.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in