Avantel secures contract Rs 9.94 crore from DRDO

Avantel Ltd. | Aerospace & Defense | Capital Goods & Industrial Consumables | BSE: 532406 | NSE: AVANTEL

08 Jun 2026 Evaluate

Avantel has secured contract worth Rs 9.94 crore (including taxes) from Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India. The order is for the development and testing of Satellite Terminals for GSAT. The order is to be executed by December 2028 and includes a warranty period of 24 months.

Avantel is actively involved in design and development of products based on High Power Broad band Wireless, Satellite Communication and Broad band access technologies.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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