Hyderabad, Feb. 24 -- Avantel Limited on Monday announced it has secured an order from NewSpace India Limited (NSIL) valued at Rs 43.25 crore (including taxes) for supply of 45,252 devices for Xponder's, which will be deployed on marine fishing vessels to enhance security across India's coastal regions.
NSIL, the commercial arm of the Indian Space Research Organisation (ISRO), is a Central Public Sector Enterprise under the Department of Space.
The collaboration exemplifies the synergy between public sector enterprises and private industry in advancing India's technological capabilities and maritime security, the company said in a release here.
Avantel has already got two supply orders for supply of 26,743 Xponder units and establishme...