India, Oct. 12 -- The Hyderabad-based defence and space electronics company has landed a fresh service contract from one of India's largest engineering conglomerates, adding to its order pipeline. The order focuses on keeping satellite communication equipment running smoothly over the next two years. It arrives at a time when the company is reporting much stronger quarterly numbers and openly talking up multi-year growth. Here is what the contract covers, why it matters for the business, and how the latest quarterly results frame it.

Shares of Avantel Ltd are trading at Rs. 150.37, up 4.39 per cent on Monday. The stock touched the intraday high of Rs. 151.10 after opening at Rs. 146.09 before slipping to a low of Rs. 146.09. The company ...