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An announcement from AXISCADES Technologies Ltd. ( (IN:AXISCADES) ) is now available.
AXISCADES Technologies Ltd. has announced securing significant new orders from premier defense laboratories in India, specifically for airborne, naval, and radar-based platforms. A notable contract involves a development agreement with the Electronics & Radar Development Establishment (LRDE) under the Ministry of Defence, for the development of the Exciter and Receiver unit of the Virupaksh Radar for the Su-30 MKI upgrade. This contract, awarded to AXISCADES’ subsidiary Mistral Solutions Pvt Ltd, includes prototype development followed by a production order for 84 units, with an estimated production value of Rs. 120 Crores.
More about AXISCADES Technologies Ltd.
AXISCADES Technologies Ltd. operates in the engineering and technology sector, focusing on providing solutions across various domains such as aerospace, defense, and heavy engineering. The company is known for its expertise in product engineering and technology services, with a significant market focus on defense and aerospace industries.
Average Trading Volume: 30,315
Technical Sentiment Signal: Buy
Current Market Cap: 55.23B INR
Learn more about AXISCADES stock on TipRanks’ Stock Analysis page.