AXISCADES Wins Order from DRDO's R & DE for Mobile Mast System

AXISCADES Technologies Limited (BSE: 532395 | NSE: AXISCADES), a leading Indian Aerospace and Defence technology and solutions company, announces securing an order through its wholly owned subsidiary, AXISCADES Aerospace & Technologies Private Limited from the Research & Development Establishment (Engineers), Pune, a premier laboratory under the Defence Research and Development Organisation (DRDO), Ministry of Defence, for the manufacturing and supply of Mobile Mast System. AXISCADES emerged as the won in a competitive tendering process conducted by the customer, reaffirming the Company's engineering, manufacturing and integration credentials in indigenous defence systems.

The order is valued at ₹6.9 crore and covers the manufacturing, integration, qualification testing, documentation and delivery of one Mobile Mast System. If successfully completed this mobile Mast would be deployed in in prestigious Air Defence systems across the country. The selection reflects AXISCADES' ability to integrate multi-disciplinary elements within a single, mission-ready platform, and reinforces the Company's positioning as an indigenous engineering and manufacturing partner under the Atmanirbhar Bharat initiative.

Commenting on this prestigious order, Mr. D. Murali Krishnan, Chief Operating Officer, AXISCADES Technologies Limited said "Selection by DRDO's R&DE (Engineers), Pune, through a competitive process reinforces the confidence in AXISCADES' ability to deliver complex indigenous defence systems that demand precision, reliability and programme discipline. As India accelerates its journey towards selfreliance in defence, our focus is on building deeper capability across the defence value chain - as an engineering and manufacturing partner committed to programme outcomes. This win is another step in our long-term strategy of building a stronger, India-led aerospace and defence manufacturing platform."

Shares of AXISCADES Technologies Limited was last trading in BSE at Rs. 1952.80 as compared to the previous close of Rs. 2044.85. The total number of shares traded during the day was 10107 in over 1085 trades.

The stock hit an intraday high of Rs. 2089.90 and intraday low of 1942.65. The net turnover during the day was Rs. 20233039.00.

Source : Equity Bulls

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