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Business Upturn
31-07-2025
- Business
- Business Upturn
Axiscades surges over 8% in 2 days after Rs 600 crore defence order win
By Aditya Bhagchandani Published on July 31, 2025, 09:38 IST Shares of Axiscades Technologies Ltd jumped another 2.58% to ₹1,333 on Wednesday, adding to Tuesday's 5% upper circuit rally, as investor sentiment remained buoyant following a major defence order win worth ₹600 crore. The Bengaluru-based engineering solutions provider announced that it had secured fresh orders in the defence sector involving the development and supply of advanced sub-systems for several cutting-edge indigenous platforms. The projects are to be executed in collaboration with leading defence agencies such as DRDO and Defence PSUs, and will be fulfilled over the next 3 to 5 years through the company's defence-focused subsidiaries. Strong Defence Pipeline Fuels Investor Optimism The company said the ₹600 crore cumulative order value represents a significant leap in its defence capabilities and future revenue pipeline. 'Our partnerships on these critical programs reflect our core strength in high-performance radar, sonar, and signal processing electronics,' said C Manikandan, Chief Technical Officer at Axiscades. 'We are contributing to indigenous platforms that will define the future of India's Defence preparedness.' In June, Axiscades Aerospace and Technologies, a subsidiary of the company, signed an agreement with European missile systems giant MBDA to establish a dedicated defence facility in Karnataka. This facility will be equipped with labs, test benches, and infrastructure to support MBDA's advanced systems engineering. Stock Performance Stock Price (July 31, 9:30 AM): ₹1,333.00 2-Day Surge: Over 8% (Tuesday's 5% upper circuit + Wednesday's 2.58%) (Tuesday's 5% upper circuit + Wednesday's 2.58%) Market Cap: ₹56.90 billion ₹56.90 billion P/E Ratio: 77.76 77.76 52-week range: ₹420.90 – ₹1,506.50 With strong fundamentals, a robust order pipeline, and rising defence sector visibility, Axiscades is quickly becoming a key player in India's strategic technology ecosystem. Let me know if you'd like a social post, graphic, or email headline version too. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Business Standard
30-07-2025
- Business
- Business Standard
Axiscades secures ₹600 crore defence orders for indigenous platforms
Engineering solutions provider Axiscades on Wednesday said it has bagged new orders worth ₹600 crore in defence space. The orders involve development and supply of advanced sub-systems for "some of the most sophisticated indigenous platforms" being developed by leading Defence agencies like the DRDO and the Defence PSUs, Axiscades said in a statement. The cumulative value of these orders stood at around ₹600 crore. The orders will be executed through Axiscades' subsidiaries operating in the defence space, over the next 3 to 5 years, the company said. "Our partnerships on these critical programs reflect our core strength in high-performance radar, sonar, and signal processing electronics. We are contributing to indigenous platforms that will define the future of India's Defence preparedness," the company's Chief Technical Official (CTO) C Manikandan said. In June, Axiscades Aerospace and Technologies, one of the subsidiary companies of Axiscades, had signed an agreement with European missile systems major MBDA to set up a defence facility in Karnataka. "The facility will be equipped with test bench laboratories, infrastructure for missile launchers, specialized equipment, and trained technical personnel to support MBDA's advanced systems engineering requirements," the company had said. Bengaluru-based Axiscades is a leading end-to-end engineering and technology solutions provider, catering to sectors like energy, heavy engineering, aerospace, defence, automotive among others. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
30-07-2025
- Business
- Economic Times
Axiscades secures orders worth Rs 600 cr in defence space
Engineering solutions provider Axiscades on Wednesday said it has bagged new orders worth Rs 600 crore in defence space. ADVERTISEMENT The orders involve development and supply of advanced sub-systems for "some of the most sophisticated indigenous platforms" being developed by leading Defence agencies like the DRDO and the Defence PSUs, Axiscades said in a statement. The cumulative value of these orders stood at around Rs 600 crore. The orders will be executed through Axiscades' subsidiaries operating in the defence space, over the next 3 to 5 years, the company said. "Our partnerships on these critical programs reflect our core strength in high-performance radar, sonar, and signal processing electronics. We are contributing to indigenous platforms that will define the future of India's Defence preparedness," the company's Chief Technical Official (CTO) C Manikandan said. In June, Axiscades Aerospace and Technologies, one of the subsidiary companies of Axiscades, had signed an agreement with European missile systems major MBDA to set up a defence facility in Karnataka. ADVERTISEMENT "The facility will be equipped with test bench laboratories, infrastructure for missile launchers, specialized equipment, and trained technical personnel to support MBDA's advanced systems engineering requirements," the company had said. Bengaluru-based Axiscades is a leading end-to-end engineering and technology solutions provider, catering to sectors like energy, heavy engineering, aerospace, defence, automotive among others.
Time of India
30-07-2025
- Business
- Time of India
Axiscades secures orders worth Rs 600 cr in defence space
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Engineering solutions provider Axiscades on Wednesday said it has bagged new orders worth Rs 600 crore in defence orders involve development and supply of advanced sub-systems for "some of the most sophisticated indigenous platforms " being developed by leading Defence agencies like the DRDO and the Defence PSUs , Axiscades said in a cumulative value of these orders stood at around Rs 600 orders will be executed through Axiscades' subsidiaries operating in the defence space, over the next 3 to 5 years, the company said."Our partnerships on these critical programs reflect our core strength in high-performance radar, sonar, and signal processing electronics. We are contributing to indigenous platforms that will define the future of India's Defence preparedness," the company's Chief Technical Official (CTO) C Manikandan June, Axiscades Aerospace and Technologies, one of the subsidiary companies of Axiscades, had signed an agreement with European missile systems major MBDA to set up a defence facility in Karnataka."The facility will be equipped with test bench laboratories, infrastructure for missile launchers, specialized equipment, and trained technical personnel to support MBDA's advanced systems engineering requirements," the company had Axiscades is a leading end-to-end engineering and technology solutions provider, catering to sectors like energy, heavy engineering, aerospace, defence, automotive among others.
News18
30-07-2025
- Business
- News18
Axiscades secures orders worth Rs 600 cr in defence space
Agency: New Delhi, Jul 30 (PTI) Engineering solutions provider Axiscades on Wednesday said it has bagged new orders worth Rs 600 crore in defence space. The orders involve development and supply of advanced sub-systems for 'some of the most sophisticated indigenous platforms" being developed by leading Defence agencies like the DRDO and the Defence PSUs, Axiscades said in a statement. The cumulative value of these orders stood at around Rs 600 crore. The orders will be executed through Axiscades' subsidiaries operating in the defence space, over the next 3 to 5 years, the company said. 'Our partnerships on these critical programs reflect our core strength in high-performance radar, sonar, and signal processing electronics. We are contributing to indigenous platforms that will define the future of India's Defence preparedness," the company's Chief Technical Official (CTO) C Manikandan said. In June, Axiscades Aerospace and Technologies, one of the subsidiary companies of Axiscades, had signed an agreement with European missile systems major MBDA to set up a defence facility in Karnataka. 'The facility will be equipped with test bench laboratories, infrastructure for missile launchers, specialized equipment, and trained technical personnel to support MBDA's advanced systems engineering requirements," the company had said. Bengaluru-based Axiscades is a leading end-to-end engineering and technology solutions provider, catering to sectors like energy, heavy engineering, aerospace, defence, automotive among others. PTI ABI DRR view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
