Astra Microwave bags ₹2205.23 Cr order from HAL for Uttam Radar components
Astra Microwave Products Limited secured an order worth ₹2205.23 Crores from Hindustan Aeronautics Limited for Uttam Radar components. The order includes 122 AAAU and 121 Interface Frames and is to be executed within 5 years.
The order value of ₹2205.23 Crores is substantial and will likely have a significant impact on the company's financial performance and growth trajectory.
The company has secured a significant order, which is positive for its business and revenue prospects.
Astra Microwave Products Limited announced that it has received an order from Hindustan Aeronautics Limited (HAL) for the procurement of 122 Units of AAAU and 121 Interface Frames for Uttam Radar.
The total consideration for this order is ₹2205.23 Crores, inclusive of all applicable taxes and GST. The order is from a domestic entity, a Government of India Enterprise under the Ministry of Defence.
The company has indicated that the execution of this order is to be completed within 5 years from the date of award. Astra Microwave Products Limited confirmed that its promoters, promoter group, or group companies do not have any interest in Hindustan Aeronautics Limited, and the order does not fall within related party transactions.
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 high impact, which is the band that most often changes something.
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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.