Centum Electronics Ltd secures Prestigious Order from Hindustan Aeronautics Ltd for AESA Radar System

Centum Electronics Limited ("Centum"), a leading Indian electronics system design and manufacturing company serving the Defence and Aerospace sectors, has received a prestigious order from Hindustan Aeronautics Limited (HAL) for the design and development of the Active Electronically Scanned Array (AESA) Radar Systems for the Utility Helicopter-Maritime (UH-M) platform.

This Order marks a significant milestone for Centum and underscores its growing role in the development of advanced, indigenous defence electronics systems.

The AESA Radar System being developed for the UH-M is intended to detect, classify, and track multiple maritime targets, thereby enhancing the operational and surveillance capabilities of the helicopter in maritime environments. The current Order pertains to Phase-1, covering the design and development of AESA radar systems to be delivered over the next two financial years.

Upon successful execution of the Phase-1 order, the programme is expected to progress to Phase-2, which envisages the serial production and supply of AESA radar systems over a period of five years, subject to contractual terms and programme requirements.

Order Value

Phase-1:

- Purchase Order value of ₹66 crore
- Gross value of ₹78 crore, inclusive of GST

Phase-2 (Indicative):

- Estimated value of ₹500 crore
- Gross value of approximately ₹590 crore, inclusive of GST

This AESA radar systems programme represents a significant opportunity for Centum to demonstrate its system-level design, development, and manufacturing capabilities in advanced radar and mission-critical defence electronics, while further strengthening its long-standing relationship with HAL.

Shares of Centum Electronics Limited was last trading in BSE at Rs. 2671.80 as compared to the previous close of Rs. 2537.20. The total number of shares traded during the day was 27789 in over 3246 trades.

The stock hit an intraday high of Rs. 2698.95 and intraday low of 2509.50. The net turnover during the day was Rs. 72588749.00.

Source : Equity Bulls

Keywords

CentumElectronics INE320B01020 OrderWin HAL