Avantel Wins Rs 110.36 Million Contract from Goa Shipyard

04 Apr 2025 CW Team

Avantel, a Hyderabad-based defence and aerospace technology company, has secured a purchase order worth Rs 110.36 million (inclusive of taxes) from Goa Shipyard. The contract involves the supply of satellite communication (Satcom) systems under a local manufacturing arrangement and is scheduled for execution between February 2026 and March 2027.

This order reinforces Avantel’s role in supporting India’s defence technology infrastructure by delivering strategic communication systems tailored to national security requirements. The company’s continued association with major public sector undertakings highlights its growing footprint in the defence and aerospace sectors.

The latest contract does not involve any promoter group interest or related party transactions, maintaining transparency in its domestic operations. With a focus on timely execution and indigenously developed technology, Avantel aims to further strengthen its position as a reliable partner in defence communications.

Avantel specialises in satellite communication, wireless systems, and embedded technologies, catering to crucial sectors such as the Indian Navy, railways, and aerospace. The company provides advanced communication and surveillance solutions that contribute to the modernisation of India’s strategic infrastructure.

News source: PSU Connect

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..