AXISCADES continues to win more Production Order for Supplying Avionics Hardware for LCA Mk1A Program.

AXISCADES Technologies Limited (BSE: 532395 | NSE: AXISCADES), a chip to product company and a pioneer in Aerospace, Defence, Electronics, Semiconductor and Artificial Intelligence (ESAI) headquartered in Bangalore, India, announces a new win in Defence division by its subsidiary Mistral Solutions Pvt. Ltd.

Mistral Solutions, a leader in high-performance embedded systems and defence electronics, today announced the receipt of an order valued at approximately ₹25 crore under the prestigious LCA Mk1A programme of Hindustan Aeronautics Limited (HAL).

Under this order, Mistral Solutions will supply Single Board Computer, further contributing to the LCA Mk1A program for HAL.

All systems will be manufactured and delivered from AXISCADES' newly commissioned DAL (Devanahalli Atmanirbhar Complex) facility located at the Bangalore Aerospace Park, near Kempegowda International Airport.

Commenting on the development, Mr. C. Manikandan, CEO, Mistral Solutions Private Limited, said: "This order win reflects the AXISCADES Group's increasing value addition to 'Make in India' initiative."

Shares of AXISCADES Technologies Limited was last trading in BSE at Rs. 1415.60 as compared to the previous close of Rs. 1455.00. The total number of shares traded during the day was 16375 in over 1442 trades.

The stock hit an intraday high of Rs. 1475.00 and intraday low of 1382.25. The net turnover during the day was Rs. 23230860.00.

Source : Equity Bulls

Keywords

AXISCADESTechnologies INE555B01013 OrderWin MistralSolutions LCAMk1A AvionicsHardware