India's Avantel rises on winning Zetwerk's 4.6-billion-rupee satellite equipment order

Avantel

25/03/2026 04:49

** Shares of Avantel AVAN.NS rise as much as 14.7% to 138.81 rupees

** Set to rise most in two months

** Satellite communication services provider gets order worth 4.6 billion rupees ($48.98 million) from IPO bound contract electronics manufacturer Zetwerk

** AVAN to supply satellite communication equipment, which includes 1-year comprehensive onsite warranty and 5-year comprehensive annual maintenance contract AMC support

** More than 7.3 million shares traded so far, 6x their 30-day avg

** YTD, AVAN down about 11%

($1 = 93.9210 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))