AXISCADES Aerospace & Technologies Pvt Ltd receives order from Indian Army

AXISCADES Technologies Limited (BSE: 532395 | NSE: AXISCADES), a pioneer in Aerospace, Defence, Electronics, Semiconductor and Artificial Intelligence (ESAI), today announced that its wholly owned subsidiary AXISCADES Aerospace & Technologies Private Limited has won a prestigious order from the Indian Army to supply Man Portable Counter Drone Systems (MPCDS).

The order involves Development, Manufacturing & Supply of Man Portable Counter Drone System - 12 no's; ICT system for Man Portable Counter Drone System - 12 nos. The supply should meet the specifications as set in the purchase order.

This is among the first man-portable counter-drone order placed after Operation Sindhoor under emergency procurement, making it a major milestone for AXISCADES. The new system can detect drones up to 5 km away and block their signals across a wide frequency range, ensuring soldiers on the ground have reliable protection from hostile unmanned aerial threats. Despite its powerful capabilities, the unit is designed to be lightweight and portable, making it easy for troops to carry and deploy in the field.

The order value is Rs. 7.99 Crores.

Commenting on the win, Mr. Sharadhi Chandra Babu, President - Defence, AXISCADES Technologies Limited said, "This order reflects the Indian Army's trust in AXISCADES to deliver next-generation indigenous counter-drone technologies. We are committed to supporting India's defence forces with advanced, mission-ready, made in India solutions that strengthen operational readiness and self-reliance."

Shares of AXISCADES Technologies Limited was last trading in BSE at Rs. 1596.65 as compared to the previous close of Rs. 1646.80. The total number of shares traded during the day was 9472 in over 872 trades.

The stock hit an intraday high of Rs. 1694.90 and intraday low of 1578.90. The net turnover during the day was Rs. 15404621.00.

Source : Equity Bulls

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