AXISCADES Secures Major Defence Orders Worth Over ₹700 Crores
Hey finance enthusiasts! 👋 Big news from the Indian defence sector today, as AXISCADES Technologies Limited (NSE: AXISCADES) has announced a significant win, bagging multiple new orders that could bring in over ₹700 Crores in potential revenue! This is a major boost for the company, which last traded at ₹1275, down 3.8% before the market closed.
AXISCADES, through its subsidiary Mistral Solutions Pvt Ltd, has secured these crucial contracts from premier Indian Defence laboratories, including the Electronics & Radar Development Establishment (LRDE) under DRDO and Bharat Electronics Ltd (BEL). These aren’t just small wins; they span across critical areas of India’s defence capabilities:
- Airborne Platforms: A key development contract for Exciter and Receiver units for the Su-30 MKI upgrade, with a potential production order for 84 units valued at around ₹120 Crores, following an initial development phase of about ₹4 Crores.
- Radar Systems: Multiple orders for the development of advanced radar components. This includes Digital Beam Forming Units for the Long Range Battle Management Radar (LRBMR) of the KUSHA project (potential production of ₹150 Crores after a ₹9 Crore development phase), and Digital Transmit/Receive Modules for surveillance radars (potential production of ₹200 Crores after a ₹3 Crore development phase, and another for S-Band Octal Digital Transmit/Receive Modules with potential production of ₹150 Crores after a ₹1.8 Crore development phase).
- Naval Applications: A significant supply order for SONAR subsystems for Submarine modification from BEL, with a potential production value of around ₹60 Crores, following a development phase of approximately ₹19.82 Crores.
What’s exciting about these orders is their nature: many are initial development contracts that are expected to lead to much larger production orders. This means a robust pipeline for AXISCADES, with development phases typically lasting 12-18 months, followed by production over 2-5 years. It truly underscores the company’s growing role in strengthening India’s indigenous defence capabilities. 🇮🇳
These contracts highlight AXISCADES’ expertise in critical defence technologies and its strong partnerships with key government entities. It’s definitely a development to keep an eye on for investors interested in the defence and aerospace sectors!
source: Corporate Announcement
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