Announced Mon, 29 Sept · 14:23 IST
AXISCADES Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
AXISCADES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
AXISCADES Technologies' wholly owned subsidiary, AXISCADES Aerospace & Technologies Private Limited, has won an order from the Indian Army to supply 12 Man Portable Counter Drone Systems (MPCDS) along with 12 ICT systems. The order is worth Rs. 7.99 Crores and is to be executed over 12 months. The order is a domestic supply contract with no related party involvement.
Likely market impact
Positive for the company as it strengthens its defence order book and validates its capabilities in the counter-drone space, though the order size is modest relative to the company's overall revenue base.