AXISCADES Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
AXISCADES · price
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Awaiting price reaction for this filing.
AXISCADES, through its subsidiary Mistral Solutions, has won five new defence orders from DRDO's LRDE and Bharat Electronics Ltd (BEL), both under the Ministry of Defence. These cover Airborne, Naval, and Radar-based platforms including development of Exciter/Receiver units for Virupaksh Radar (Su-30 MKI upgrade, ₹120 Cr production), Digital Beam Forming units for KUSHA project's LRBMR (₹150 Cr production), Digital Transmit/Receive Modules for surveillance radar (₹200 Cr production), S-Band Octal Digital Modules (₹150 Cr production), and SONAR subsystems for submarine modification (₹60 Cr production). Immediate development contracts are worth about ₹37.6 Cr across 12-18 months, while potential production value totals roughly ₹680 Cr to be executed over 2-5 years.
This is a strong positive for shareholders — the combined potential production order book of ~₹680 Cr significantly bolsters revenue visibility over the next 2-5 years and reinforces AXISCADES' position in India's defence electronics space. Investors should note these orders may boost short-term sentiment and provide multi-year earnings support.