Avantel’s shares rise more than 9% on Thursday after the company announces a firm satellite communication equipment purchase order worth Rs 177.35 crore from Zetwerk Manufacturing Businesses Limited. Trading gains are reported at around 8–9% during the session.
The order, dated September 22, 2026, is placed under a rate contract previously awarded by Zetwerk to Avantel. Avantel says the contract requires manufacturing and supply of satellite communication equipment, along with a one-year comprehensive onsite warranty. It is described as a domestic manufacturing contract to be completed by March 2027. The company also states the order is not awarded by a related party and that the promoter or promoter group has no interest in the awarding entity.
While The Economic Times includes additional context such as the order’s regulatory details and mentions the company’s recent financial and market indicators, NDTV focuses primarily on the share-price move and the value and timing of the Zetwerk order. Both outlets agree on the order value and that execution runs until March 2027.
