Avantel shares jump 3% after securing Rs 11.06 crore order from Mazagon Dock Shipbuilders
By Aman Shukla Published on June 23, 2025, 09:20 IST
Avantel Ltd. shares gained 3% in early trade after the company announced it had received a significant purchase order worth ₹11.06 crore from Mazagon Dock Shipbuilders Limited. As of 9:19 AM, the shares were trading 2.63% higter at Rs 159.00.
The order, confirmed via email on June 20, 2025, marks a fresh domestic contract for Avantel, strengthening its presence in the defense manufacturing sector.
As per the company's disclosure, the order involves manufacturing-related work, although the specific products or systems to be delivered were not detailed in the announcement. The total contract value includes applicable taxes, and the order is set to be executed over a long-term period starting April 2026 and continuing through August 2029. This multi-year execution timeline indicates a sustained business relationship and reflects Avantel's growing footprint in critical defense projects.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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