Axiscades Technologies Secures ₹100 Crore Order from BEL
Filing Summary
Axiscades Technologies Ltd, through its subsidiary Mistral Solutions Private Limited, has secured a supply order from Bharat Electronics Ltd (BEL), Ministry of Defence. The order involves the supply of Signal and Data Processing Units along with associated spares. The contract is valued at an estimated ₹100 Crores and is set to be executed over a period of two years. This order does not involve any related party transactions, and there is no interest from the promoter group in BEL.
Axiscades Technologies Ltd has announced that its subsidiary, Mistral Solutions Private Limited, has secured a supply order from Bharat Electronics Ltd (BEL), under the Ministry of Defence. The order involves the supply of Signal and Data Processing Units along with associated spares. The estimated value of this contract is ₹100 Crores, and it is scheduled to be executed over a period of two years.
The order from BEL is a domestic contract, and it does not involve any related party transactions. Additionally, there is no interest from the promoter or promoter group of Axiscades Technologies in BEL. The terms and conditions of the order are outlined in the final Purchase Order (PO) and the Minutes of the Meeting.
Bharat Electronics Ltd, a key player in the defence electronics sector, focuses on the development and manufacture of advanced electronic products for the Indian Armed Forces. The company is involved in various strategic projects and collaborations to enhance its product offerings and technological capabilities.
Axiscades Technologies Ltd is engaged in providing technology solutions and services across various sectors, including aerospace, defence, and heavy engineering. The company focuses on leveraging its engineering expertise to deliver innovative solutions and expand its presence in the global market.