Big news from the defense sector! ๐ Astra Microwave Products Limited (ASTRAMICRO) has just announced a significant order win from the Defence Research and Development Organisation (DRDO), India’s premier agency for military research and development.
The company has secured a contract valued at a substantial Rs 135 crores, inclusive of all taxes. This crucial order is for the upgradation of ground-based radar systems, a vital component of national defense infrastructure.
This is a purely domestic contract, underscoring Astra Microwave’s role in strengthening India’s indigenous defense capabilities. The company is set to deliver on this important project within a timeframe of 18 months.
For investors and industry watchers, this order highlights Astra Microwave’s continued expertise and strong relationship with key government defense entities like DRDO. It reinforces the company’s position as a significant player in providing advanced microwave and RF solutions for defense applications. Keep an eye on how this strategic win contributes to their growth trajectory! โจ
source: Corporate Announcement