Astra Microwave Products Lands Order Worth Rs 2205.23 Crores From Hindustan Aeronautics Limited
Astra Microwave Products Limited has secured a significant order from Hindustan Aeronautics Limited (HAL) for specialized components, valued at Rs 2205.23 Crores. The contract involves the procurement of AAAU and Interface Frames intended for Uttam Radar.The company received the order from HAL, which is described as a domestic entity and a Government of India Enterprise under the Ministry of Defence.
The contracted work includes the supply of 122 units of AAAU and 121 Interface Frames required for the Uttam Radar project. The total consideration for this order amounts to Rs 2205.23 Crores, inclusive of all applicable taxes and GST.
Details regarding the significant terms and conditions of the contract are provided below:
| Particulars | Details |
|---|---|
| Name of Entity Awarding Order | Hindustan Aeronautics Limited |
| Nature of Order/Contract | Procurement of 122 Nos. of AAAU and 121 Interface Frames for Uttam Radar |
| Domestic/International Status | Domestic (A Government of India Enterprise under Ministry of Defence) |
| Time Period for Execution | Within 5 years |
| Broad Consideration / Size | Rs 2205.23 Crores inclusive of all applicable taxes and GST |
The contract involves the procurement of components from Astra Microwave Products Limited by HAL, a domestic enterprise. There is no stated interest of the promoter or promoter group in the entity that awarded the order, and the transaction was noted as not being related party transactions.
ASTRAMICRO Stock Price Movement
Shares of Astra Microwave Products Limited slipped by 2.51% in trading, closing today at ₹1726 after a session that saw a volume of 250,401 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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