Astra Microwave Products Limited has informed the Exchange about Bagging/Receiving of orders/contracts
ASTRAMICRO · price
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Awaiting price reaction for this filing.
Astra Microwave Products has received a Rs. 135 crore order (inclusive of taxes) from DRDO for the upgradation of a Ground based Radar system. The order is to be executed and delivered within an 18-month period. The contract has been awarded by a domestic entity, with no related party interest involved. DRDO is India's premier defence research agency, making this a significant government defence contract for the company.
This is a meaningful new order win from a prestigious domestic defence customer, strengthening Astra Microwave's order book and providing revenue visibility over the next 18 months. Defence orders from DRDO are generally positive for sentiment, though the stock's reaction will depend on order size relative to the company's overall revenue base.