In a significant development for India’s defence technology sector, AXISCADES Technologies Limited, formerly known as AXISCADES Engineering Technologies Limited, announced on July 31, 2025, that it has secured a series of high-value defence contracts through its subsidiary, Mistral Solutions Pvt. Ltd. The total estimated contract value, including both development and production phases, exceeds ₹680 crores, and covers a range of advanced defence technologies across airborne, radar, and naval domains.

The company disclosed the details pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting five major contracts received from two key government agencies — Electronics & Radar Development Establishment (LRDE) under DRDO, and Bharat Electronics Limited (BEL) under the Ministry of Defence.

These contracts signify AXISCADES’ growing footprint in the indigenous defence manufacturing ecosystem and its ability to contribute to strategic programs aimed at modernizing India’s defence infrastructure.

Breakdown of Key Orders Secured by AXISCADES:

1. Virupaksh Radar Development for Su-30MKI Upgrade

• Client: LRDE (DRDO)

• Subsidiary Executing: Mistral Solutions Pvt. Ltd.

• Scope: Development of Exciter and Receiver unit for the Virupaksh Radar

• Order Nature: Development followed by production of 84 units

• Timeline: Development in 18 months, production in 3–5 years

• Value: ₹4 crore for development; ₹120 crore for production

• Platform: Su-30MKI fighter aircraft upgrade

This marks a key involvement in the modernization of IAF’s Su-30MKI fleet, contributing directly to India’s air superiority capabilities.

2. Digital Beam Forming Unit for LRBMR (KUSHA Project)

• Client: BEL

• Scope: Development and supply of digital beam forming unit

• Order Nature: Supply Order for 75 units over 5 years

• Timeline: Development in 12 months, production in 5 years

• Value: ₹9 crore for development; ₹150 crore for production

• Program: KUSHA — a strategic radar system under DRDO for long-range battlefield management

This project enhances battlefield radar communication systems and situational awareness.

3. Digital Transmit & Receive Modules for Surveillance Radar

• Client: LRDE (DRDO)

• Scope: Prototype development of DTM and DRM modules

• Order Nature: Development contract; production of 400 units

• Timeline: 15 months development, 2–4 years production

• Value: ₹3 crore for development; ₹200 crore for production

This is part of India's effort to build advanced indigenous surveillance radar infrastructure to detect threats at extended ranges.

4. S-Band ODTRM and ODRM Modules

• Client: LRDE (DRDO)

• Scope: Development of Octal Digital Transmit and Receive Modules

• Order Nature: Prototype development followed by 500 units production

• Timeline: 13 months development, 2–4 years production

• Value: ₹1.8 crore for development; ₹150 crore for production

These modules are vital for high-frequency radar operations, increasing the efficacy of tracking and targeting systems.

5. SONAR Subsystems for Submarine Modifications

• Client: BEL

• Scope: Development and production of SONAR subsystems

• Platform: Indian Navy’s submarine modifications and future platforms

• Timeline: 15 months development, 5 years production

• Value: ₹19.82 crore for development; ₹60 crore for production

These systems will play a critical role in enhancing underwater surveillance and combat capabilities of Indian submarines.

Total Combined Order Value:

• Development Phase (All Contracts): ~₹37.62 crore

• Production Phase (Estimated): ~₹680 crore

• Overall: More than ₹717 crore including both stages (excluding GST)

Strategic Significance of the Contracts

These orders further solidify AXISCADES' positioning as a trusted defence technology partner to India's leading defence agencies. The awarded contracts span:

• Airborne systems for fighter jet upgrades

• Ground-based radar systems for battlefield awareness

• Naval subsystems enhancing submarine capabilities

They are a testament to the government's Make in India and Atmanirbhar Bharat initiatives, promoting indigenous defence production and advanced system integration.

Additionally, all contracts were awarded by domestic government entities, affirming AXISCADES’ growing strategic role in national defence capability development.

Corporate Governance & Compliance

AXISCADES confirmed in all five annexures that:

• None of the contracts involve related party transactions

• There is no interest from the promoter or group companies

• All awards are from Indian public sector undertakings and defence labs

This level of transparency, backed by SEBI’s disclosure framework, underscores the company’s commitment to corporate governance and regulatory compliance.

Conclusion

AXISCADES Technologies Limited’s latest announcement on July 31, 2025, reflects a milestone achievement in the company’s journey as a premier player in India’s defence electronics and systems engineering space. With combined contract values of over ₹680 crores, spanning strategic defence projects across air, land, and sea, AXISCADES is poised for sustained growth, technological innovation, and long-term value creation for its stakeholders.

As these contracts move from development into mass production, investors, analysts, and industry watchers will closely monitor execution timelines, margin implications, and future defence collaborations, especially with critical government agencies like DRDO and BEL.

This multi-pronged win not only boosts AXISCADES’ revenue visibility over the next 3 to 5 years but also positions it as a critical contributor to India’s defence modernization roadmap.

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