Big Order News: This tech company received a huge order worth ₹460 crore, shares jumped by 12%

News Topical, Digital Desk : Big Order News: Shares of Avantel Ltd., a defense and communications equipment manufacturer, saw a strong rally on Wednesday, March 25. Shares jumped nearly 12% after the company received a large order worth ₹459.9 crore from Zetwerk Manufacturing Businesses Ltd.

The company stated in an exchange filing that the rate contract relates to the supply and maintenance of satellite communications equipment. The order is entirely domestic and will be executed over a period of three years.

What are the terms of the order?
Under this contract, Avantel will manufacture and supply satellite communication systems. It will also provide a one-year onsite warranty and a five-year annual maintenance contract (AMC). The company states that this agreement covers equipment supply as well as long-term maintenance support, further strengthening its order book in the communications and defense electronics segments. Avantel also clarified that this deal is not a related-party transaction, and neither the promoter group nor any associated entity has any stake in the company placing the order. It's worth noting that earlier in February, the company received an order worth ₹122.58 crore from Bengaluru-based PSU NewSpace India Ltd., bolstering its order pipeline. Shares surged after the order was announced, although some profit-booking was later seen. As of 12:23 p.m., the company's stock was trading at ₹134.08, still up approximately 10.78% from its previous close. Avantel shares have returned more than 24% to investors over the past 12 months, although they have declined more than 14% since the beginning of 2026.

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