Avantel zooms on receiving rate contract worth Rs 459.90 crore
Avantel is currently trading at Rs. 134.70, up by 13.70 points or 11.32% from its previous closing of Rs. 121.00 on the BSE.
The scrip opened at Rs. 132.30 and has touched a high and low of Rs. 138.90 and Rs. 131.00 respectively. So far 537009 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 215.00 on 10-Oct-2025 and a 52 week low of Rs. 90.30 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 138.90 and Rs. 117.70 respectively. The current market cap of the company is Rs. 3,580.45 crore.
The promoters holding in the company stood at 37.08%, while Institutions and Non-Institutions held 0.60% and 62.32% respectively.
Avantel has received a rate contract worth Rs 459.90 crore (exclusive of taxes) from M/s Zetwerk Manufacturing Businesses. The contract is for the supply of satellite communication equipment, along with one year comprehensive onsite warranty and five years comprehensive annual maintenance contract (AMC) support. The order is to be executed within 3 years.
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