AXISCADES Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
AXISCADES · price
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AXISCADES Technologies Limited's wholly owned subsidiary, AXISCADES Aerospace & Technologies Private Limited, has secured an order for Manufacturing & Supply of Mobile Mast System (MMS) from the Office of DG (ACE), Ministry of Defence. The order value is INR 6.9 Cr and is a Development and Production Contract. The project has an 18-month timeline and is expected to be completed by November 2027. This is a domestic order placed by an Indian government defence entity. No related party or promoter group interest exists in the awarding entity.
This order demonstrates continued business development in the defence sector for AXISCADES, though the order value of INR 6.9 Cr is relatively modest. The 18-month execution timeline suggests steady revenue visibility, and securing a defence contract from the Ministry of Defence may positively signal the company's technical capabilities to investors.