Mistral Solutions Pvt Ltd receives orders for Su-30MKI upgrade from CASDIC, DRDO

AXISCADES Technologies Limited's subsidiary, Mistral Solutions Private Limited has secured significant new orders, across Airborne from Combat Aircraft Systems Development & Integration Centre (CASDIC), DRDO, Ministry of Defence.

The said order is awarded for prototype development and will be followed by a forecast production order for an estimate of 600 numbers of Su-30MKI upgrade, value of Rs. 150 crores over a period of 5 years.

The development contract executed between CASDIC and Mistral Solutions Pvt Ltd, an AXISCADES subsidiary company for the development of 10 nos of Electronic Control Unit for cooling system for Su-30 MKI upgrade. This order is awarded for prototype development and will be followed by a production order. The forecast production quantity will be 600 numbers of Su-30MKI upgrade.

Shares of AXISCADES Technologies Limited was last trading in BSE at Rs. 1244.30 as compared to the previous close of Rs. 1281.40. The total number of shares traded during the day was 9376 in over 637 trades.

The stock hit an intraday high of Rs. 1310.00 and intraday low of 1230.10. The net turnover during the day was Rs. 11921680.00.

Source : Equity Bulls

Keywords

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