Avantel shares rise 9% after Rs 177 crore satellite communication order from Zetwerk

September 24, 2026

Avantel shares jumped over 8% on Thursday after securing a Rs 177.35 crore purchase order from Zetwerk Manufacturing Businesses for satellite communication equipment. Scheduled for execution by March 2027, the domestic manufacturing contract boosts revenue visibility for the telecom and defence electronics manufacturer following robust Q1 FY27 results.

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