AXISCADES Lands ₹223.95 Cr Indian Army Deal for Tank Transporters 🚀

Big news from the defence sector! AXISCADES Technologies Limited (NSE: AXISCADES) has just announced a significant order win that’s sure to get investors talking. The company’s shares were already showing positive momentum, up 1.1% to ₹1295.1, when this exciting development hit the wires.

So, what’s the scoop? AXISCADES Aerospace & Technologies Private Limited, a wholly-owned subsidiary of AXISCADES Technologies, has bagged a substantial contract from none other than the Indian Army! Specifically, the Directorate General of Capability Development, under the Integrated Headquarters of the Ministry of Defence (Army), has placed an order for the supply of 212 units of next-generation 50-Ton Tank Transporter Trailers.

This isn’t just any order; it’s valued at a hefty INR 223.95 Crore! 💰 The execution of this crucial domestic contract is set to span over the next two years. This move aligns perfectly with the Indian government’s ambitious ‘Atmanirbhar Bharat’ (Self-Reliant India) initiative, emphasizing indigenous manufacturing and defence capabilities.

For AXISCADES, this contract underscores its growing role in India’s defence ecosystem and its commitment to contributing to national self-reliance. It’s a clear signal of the company’s expertise and capability in delivering critical equipment for the armed forces. Keep an eye on this space as AXISCADES continues to make strides in the defence and aerospace sectors! ✨

source: Corporate Announcement

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