Astra Microwave bags ₹171.38 crore order from Indian Meteorological Department
Astra Microwave Products Limited received an order worth ₹171.38 crores from the Indian Meteorological Department for 06 S-band Polarimetric Doppler Weather Radars. The order includes 3 years warranty and 7 years CAMC, to be executed within 18 months.
The order value of ₹171.38 crores is significant and will contribute to the company's top line and order book, impacting its financial performance.
The company has secured a substantial new order, which is positive for its revenue and business outlook.
Astra Microwave Products Limited has announced the receipt of a significant order from the Indian Meteorological Department. The order is for the procurement of 06 Klystron-based S-band Polarimetric Doppler Weather Radars (DWRs), along with associated systems including Automatic Weather Stations (AWS) and Disdrometers.
The total consideration for this order amounts to ₹171.38 crores, inclusive of all applicable taxes and Goods and Services Tax (GST). The contract includes a warranty period of 03 years, followed by a Comprehensive Annual Maintenance Contract (CAMC) for 07 years.
The order is to be executed within 18 months. This contract has been awarded by a domestic entity, the Government of India, and Astra Microwave Products Ltd has confirmed that its promoters or group companies do not have any interest in the awarding entity. The transaction is not considered a related party transaction.
What to do with a filing like this
Astra Microwave Products Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Astra Microwave Products Limited. Read the original for the full detail.