AXISCADES Technologies Limited (BSE: 532395 | NSE: AXISCADES), a prominent “chip to product” leader in the Aerospace and Defence sectors, has announced a significant milestone for its defence division.
Its subsidiary, Mistral Solutions, has secured a landmark contract valued at approximately ₹100 Crores for the prestigious LLTR Ashwini programme.
The contract involves the delivery of state-of-the-art Signal and Data Processing Units (SDPU), along with associated spares, for India’s indigenous Low-Level Transportable Radar system.
Developed by the DRDO and BEL, the Ashwini programme is designed to provide advanced low-altitude surveillance against modern threats, including UAVs, helicopters, and fighter jets.
Strategic Impact and Revenue Visibility This win is more than just a financial boost; it provides the company with steady revenue visibility, as deliveries are scheduled to take place over the next two years.
The liquid-cooled SDPUs required for the project highlight Mistral’s proprietary expertise in high-performance embedded computing, capable of meeting extreme operational demands.
Mr C. Manikandan, CEO of Mistral Solutions, noted that this achievement reflects the company’s “continued commitment to supporting India’s defence indigenisation initiatives“.
By securing a place in the DRDO/BEL pipeline, AXISCADES is well-positioned to capture further opportunities in the expanding indigenous defence electronics market.
A Global Technology Powerhouse Headquartered in Bengaluru, AXISCADES operates as a global technology solutions provider with a team of over 3,000 professionals across 17 locations worldwide.
The company maintains long-term relationships with global OEMs and the Indian Ministry of Defence, offering a comprehensive portfolio that spans from concept evaluation to manufacturing support. This latest contract further bolsters its high-margin Embedded Systems growth trajectory.
This report is based on official press releases; forward-looking statements involve risks and uncertainties as per the company’s safe harbor policy.
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