Kavveri Defence & Wireless Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
KAVDEFENCE · price
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Kavveri Defence's wholly owned North American subsidiary Til-Tek has been approved as a vendor by a leading US-based multinational with operations across the US, Europe, and Asia-Pacific. The deal involves supply of RF antenna products, which have been exclusively embedded into the customer's network design framework after a technical qualification process. The contract represents a revenue opportunity of US $2 million (approximately ₹17.3 crores). Notably, Til-Tek replaced a long-standing international incumbent supplier, demonstrating competitive pricing and technical capability. The company expects the relationship to expand over time, with Til-Tek potentially becoming a comprehensive RF subsystem partner as deployments scale in coming quarters.
This is a positive development for Kavveri, validating its global competitiveness in the RF antenna space and opening a new international revenue stream. The exclusive vendor status with a major US multinational could drive sustained order growth and improve the stock's visibility, though the immediate ₹17.3 crore size is modest and execution remains to be demonstrated.