Latest news with #Rs.135
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Business Standard
6 days ago
- Business
- Business Standard
This smallcap defence stock rises 4% on securing deal from DRDO; details
Astra Microwave share price: Astra Microwave shares were buzzing in trade on Wednesday, August 6, 2025, with the stock rising up to 3.77 per cent to an intraday high of 985 per share. At 10:30 AM, Astra Microwave share price was trading 3.12 per cent higher at 978.80 per share. By comparison, BSE Sensex was trading flat at 80,702.97 levels. Why did Astra Microwave share rise today? Astra Microwave shares were buzzing today after the company secured an order worth 135 crore from DRDO. In an exchange filing, Astra Microwave said, 'This is to inform you that our Company, Astra Microwave Products Ltd has received an order for a total consideration of Rs.135 crores inclusive of taxes for upgradation of Ground based Radar system from DRDO, to be delivered within a period of 18 months.' Under the terms of the order, Astra Microwave will work towards the upgradation of the Ground based Radar system from DRDO. The project is expected to be delivered within a period of 18 months. Astra Microwave Q4, FY25 results Astra Microwave reported a strong performance in Q4FY25, with consolidated revenue rising to ₹408 crore, up from ₹354 crore in the same quarter last year. Operational metrics showed a marked improvement, with gross margins expanding to 46.1 per cent from 38.1 per cent, indicating better cost efficiencies or a richer product mix. Ebitda margins also expanded to 29.3 per cent, compared to 22.8 per cent in Q4FY24. Net profit for the quarter stood at ₹73 crore, a notable jump from ₹54 crore in the previous year, translating into a PAT margin of 18 per cent. For the full year FY25, Astra Microwave reported a revenue of ₹1,051 crore, reflecting a healthy growth from ₹909 crore in FY24. Gross margins for the year improved to 45.1 per cent, while Ebitda margins increased to 25.6 per cent, up from 21.1 per cent in the previous year. The company posted a net profit of ₹154 crore for the fiscal, up from ₹121 crore in FY24, with a PAT margin of 14.6 per cent. About Astra Microwave Products Astra Microwave Products Limited (AMPL), founded in 1991, specialises in RF, Microwave, and Digital electronics, along with project management for high-technology applications. The company was established with a vision to design, develop, and manufacture cutting-edge RF and Microwave subsystems and systems tailored for strategic purposes. From its modest beginnings with a motivated core team operating out of its first unit, AMPL has steadily progressed over the past three decades. Today, AMPL operates three production units and two R&D facilities, including a space-qualified facility, equipped to meet the highest standards of precision and quality. AMPL's cutting-edge infrastructure features three automatic assembly lines for PCBA, Class 10K and Class 100K clean rooms, and advanced test capabilities spanning frequencies from 30 MHz to 40 GHz. In-house environmental test facilities, EMI/EMC setups, and the Near Field Antenna Test Range (NFTR)—a first for any Indian private company—further underscore its technological prowess. With a strong R&D focus, AMPL has effectively transitioned equipment from research labs to production lines, majorly reducing lead times. The company has delivered complete solutions, from concept to product realisation, and achieved milestones such as producing flight modules for multiple Indian satellites. The market capitalisation of Astra Microwave is 9,293 crore, according to BSE. The company falls under the BSE SmallCap category.
India Gazette
01-07-2025
- Business
- India Gazette
Centre approves annual road plan of Rs 3,667 crore for Himachal: Public Works Minister Vikramaditya Singh
Shimla (Himachal Pradesh) [India], July 1 (ANI): Himachal Pradesh Public Works Minister Vikramaditya Singh stated that the Central Government has approved the Annual Plan of Rs 3,667 crore for the construction and upgrading of roads, bridges and related infrastructure in Himachal Pradesh for the financial year 2024-25. Singh on Monday said that the plan includes construction of bridges, road widening, installation of crash barriers and other works on national highways across various districts of the state. The Minister said that on the directions of Chief Minister Thakur Sukhvinder Singh Sukhu, he recently met Union Minister for Road Transport and Highways Nitin Gadkari and discussed important issues related to the state. He said that presently the state has around 1,200 kilometres of roads under the national highway network and requested to enhance central assistance for their maintenance and improvement of roads and other related works. He said that while the state had submitted an Annual Plan of Rs. 2,600 crore for the financial year 2023-24, it had received only Rs. 269 crore, which was insufficient. However, for the financial year 2024-25, the state government proposed a plan worth Rs.3,667 crore, which has now been approved by the Centre in June. Vikramaditya Singh said that he had also raised the issue of constructing a tunnel beneath Jalori Jot in Kullu district, under National Highway-305. The Central Government has given in-principle approval and sanctioned Rs. 1,452 crore for this tunnel. He said that the construction of this tunnel would not only boost tourism in the area but also benefit lakhs of residents in the region. He further added that due to repeated landslides near Brauni Nala on National Highway-5, the road has suffered serious damage. To address this, the Centre has approved Rs.135 crore for the construction of a bridge at this location. Apart from this, the Central Government has sanctioned Rs.1,385 crore for the four-laning of the Kala Amb-Paonta Sahib-Dehradun road. It includes land acquisition and pre-construction activities. The PWD Minister expressed his gratitude to Union Minister Nitin Gadkari and the Central Government for approving significant funds for the state. He said he was hoping for strong coordination between the Centre and the State to continue in the future. He said that the state government, with the Centre's support, was committed to ensuring balanced and inclusive development in all regions of the state. The Minister said that during his Delhi visit, he also met Union Defence Minister Rajnath Singh and raised the issue of the proposed Bhubu Jot tunnel and road connecting Mandi and Kullu districts. He requested that the road leading to the tunnel be declared strategically important as a defence route. He said that the state was hopeful of a positive outcome on this vital road project in the near future. Once completed, the road would reduce the distance between Pathankot and Kullu by 40 to 50 kilometres, which would boost tourism and also benefit residents as well as the Indian Army. (ANI)
