Shares of Axiscades Applied sciences Ltd soared 4% on 4 August after the subsidiary of the corporate introduced securing an order price Rs 224 crore from the Directorate Normal of Functionality Improvement, Built-in Headquarters of the Ministry of Defence (Military).
Axiscades mentioned on Monday, by a inventory change submitting, that its wholly owned subsidiary, Axiscades Aerospace & Applied sciences Personal Restricted, has signed a contract price Rs 223.95 crore with the Indian Military below the “Atmanirbhar Bharat” challenge.
The scope of settlement contains the provision of 212 following-Gen 50-Ton Tank Transporter Trailers, with supply anticipated to happen over the next two years.
Tank Transporter Trailers are heavy-duty trailers that carry tanks and armoured autos weighing as much as 50 tons. They embody hydraulic ramps for straightforward loading and particular wheels that permit the trailer to maneuver or flip simply, even in confined or uneven conditions.
In FY25, the corporate generated Rs 1,031 crore in gross sales, a rise of 8% from Rs 955 crore in FY24. By way of profitability, the corporate’s web revenue elevated by 127% to Rs 75 crore in FY25, up from Rs 33 crore in FY24.
AXISCADES Applied sciences Restricted is a famend Indian multinational company that specialises in engineering analysis and improvement (ER&D) providers. It’s based mostly in Bangalore, Karnataka, and supplies end-to-end product engineering options for a wide range of industries, together with aerospace and defence, automotive, vitality, medical gadgets, digital, and semiconductors.
At 12:47 pm, the shares of Axiscades Tech had been buying and selling 0.60% increased at Rs 1,288.40 on NSE.
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