Business

Avantel shares rise 9% after Rs 177 crore satellite communication order from Zetwerk

The Economic Times · 24 September 2026 at 11:14 am

Avantel shares jumped over 8% on Thursday after securing a Rs 177.35 crore purchase order from Zetwerk Manufacturing Businesses for satellite communication equipment.

Scheduled for execution by March 2027, the domestic manufacturing contract boosts revenue visibility for the telecom and defence electronics manufacturer following robust Q1 FY27 results.

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Avantel shares rise 9% after Rs 177 crore satellite communication order from Zetwerk

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