Stock Report

Astra Rafael Comsys Pvt Ltd to enter into manufacture of Electro Optic Systems

Posted On : 2022-08-17 15:27:56( TIMEZONE : IST )

Astra Rafael Comsys Pvt Ltd to enter into manufacture of Electro Optic Systems

Astra Microwave Products Ltd's joint venture company (JVC) M/s. Astra Rafael Comsys Private Limited, (where Astra and its associates own 51% stake) will take up development, manufacture, integration, customization and product support of Electro Optic (EO) systems in addition to its existing business line.

The EQ systems are technologically complex high value Optical and Infrared Imaging systems used globally for military and homeland security applications to provide enhanced situational awareness on ground, airborne and sea based platforms. These sensors are used to identify targets, track moving targets, and provide surveillance, navigation and early warning information to our armed forces in challenging battle field environments.

The EQ systems are also being used on board UAVs, unmanned platforms and guided munitions to provide wide range of capabilities including range finding, target acquisition, imaging and surveillance. Airborne EQ systems for Laser Designation & Recce applications being used on fighter aircrafts are hitherto being procured via global tenders, can now be manufactured, upgraded and serviced in India by the Astra Rafael JV partnership as part of the Atma Nirbhar initiative.

This new product line (EO) will enable JVC to compete in the upcoming EQ systems business of about $600 million in India in the next 5 to 8 years.

Shares of Astra Microwave Products Limited was last trading in BSE at Rs. 276.20 as compared to the previous close of Rs. 276.15. The total number of shares traded during the day was 25159 in over 940 trades.

The stock hit an intraday high of Rs. 286.80 and intraday low of 273.90. The net turnover during the day was Rs. 6958593.00.

Source : Equity Bulls


AstraMicrowaveProducts INE386C01029 AstraRafaelComsys ElectroOpticSystems