Axiscades Technologies’ wholly owned subsidiary, Axiscades Aerospace & Technologies Private Limited, has secured a significant order for the manufacturing and supply of a Mobile Mast System (MMS) from the Office of DG (ACE), Ministry of Defence. The contract, valued at ₹6.9 crore, is a domestic development and production agreement.
The order, awarded by the Research and Development Establishment Engineers, is expected to integrate multi-disciplinary elements and is slated for completion by November 2027. The project timeline is set for 18 months, highlighting the strategic importance and complexity of the task at hand.
This contract does not involve any interest from the promoter group or related party transactions, ensuring that it is conducted at arm’s length. The order represents a significant milestone for Axiscades Aerospace & Technologies Private Limited in the defence sector, reinforcing its capabilities in delivering advanced technological solutions.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).