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Goa Shipyard Limited awards contract worth Rs 11.36 crore to Avantel Ltd

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Goa Shipyard Limited awards contract worth Rs 11.36 crore to Avantel Ltd

Goa Shipyard Limited awards contract worth Rs 11.36 crore to Avantel Ltd

3 Apr 2025

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Key Takeaways

Goa Shipyard awarded Avantel a ₹11.36 crore Satcom contract to enhance naval communication and indigenization. Set for 2026-2027 execution, the deal ensures transparency without related-party involvement.

Goa Shipyard awarded Avantel a ₹11.36 crore Satcom contract to enhance naval communication and indigenization. Set for 2026-2027 execution, the deal ensures transparency without related-party involvement.

Goa Shipyard

-1.93%

Expert Analysis

Goa Shipyard Awards ₹11.36 Crore Satcom Contract to Avantel.

Expert Analysis:

Contract Awarded: Goa Shipyard Limited awarded Avantel Ltd a ₹11.36 crore purchase order for Satcom Systems.
Execution Timeline: The contract will be executed under a local manufacturing framework between February 2026 and March 2027.
Strategic Growth & Transparency: Strengthens Avantel's capacity for strategic communication solutions within the specified timeline, ensuring transparency with no promoter group interest or related-party transactions.
Company Expertise: Avantel Ltd, based in Hyderabad, specialises in satellite communication (Satcom), wireless communication, and embedded systems for defence and aerospace.
Key Sectors: It serves the Indian Navy, railways, and aerospace with advanced communication and surveillance solutions across India.

Publisher:PSU Connect