Avantel wins ₹43.25 cr order from NewSpace India for Xponder

Avantel Limited has received a purchase order worth ₹43.25 crore (including taxes) from NewSpace India Limited. The contract involves supplying, installing, and commissioning devices for Xponders. The domestic order is expected to be executed by August 2025. The company operates in three main areas- SATCOM, wireless communication, and software solutions. Company has a market cap of ₹2,714 crore.