AXISCADES secures ₹100 Cr Defence Radar Subsystem Contract, bolstering high-margin Embedded Systems Growth

AXISCADES Technologies Limited (BSE: 532395 | NSE: AXISCADES), a chip to product company and a pioneer in Aerospace, Defence, Electronics, Semiconductor and Artificial Intelligence (ESAI) applications headquartered in Bangalore, announces new win in Defence division by its subsidiary Mistral Solutions.

Mistral Solutions, a leader in high-performance embedded systems and defence electronics, today announced landmark order of around ₹100 Crores from the prestigious LLTR Ashwini programme - India's indigenous Low-Level Transportable Radar system developed by DRDO and BEL.

Strategic win driving shareholder value:

- Around ₹100 Crores contract for state-of-the-art Signal and Data Processing Units (SDPU), including associated spares - deliveries over 2 years for steady revenue visibility.

- Critical role in enhancing low-altitude surveillance against UAVs, helicopters, and fighter jets, cementing Mistral's defence tech leadership.

- Liquid-cooled SDPU meets extreme operational demands, showcasing proprietary expertise in embedded computing for next-gen radar platforms.

- Positions Mistral to capture expanding DRDO/BEL pipeline in indigenous defence electronics.

Mr. C. Manikandan, CEO, Mistral Solutions Private Limited said "LLTR Ashwini programme win reflects Mistral's continued commitment to supporting India's defence indigenisation initiatives and contributing critical technologies to nextgeneration military systems".

Shares of AXISCADES Technologies Limited was last trading in BSE at Rs. 1284.55 as compared to the previous close of Rs. 1310.45. The total number of shares traded during the day was 3325 in over 648 trades.

The stock hit an intraday high of Rs. 1332.65 and intraday low of 1276.00. The net turnover during the day was Rs. 4337241.00.

Source : Equity Bulls

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