Astra Microwave Products Limited has secured a substantial order from Hindustan Aeronautics Limited (HAL) for the procurement of 122 AAAU units and 121 Interface Frames for the Uttam Radar system. The total contract value stands at ₹2,205.23 crore, inclusive of all applicable taxes and GST. This significant order, to be executed within 5 years, underscores the company’s vital role in India’s defence manufacturing capabilities and significantly enhances its order book.
Major Defence Contract Secured
Astra Microwave Products Limited has announced the receipt of a significant order from Hindustan Aeronautics Limited (HAL), a key player in India’s aerospace and defence industry. This contract is for the procurement of critical components for the Uttam Radar system. The order includes 122 units of AAAU and 121 Interface Frames, essential for the radar’s advanced functionality.
Significant Financial Impact
The total consideration for this order amounts to ₹2,205.23 crore, a figure that includes all applicable taxes and the Goods and Services Tax (GST). This substantial value positions the contract as a major revenue-generating event for Astra Microwave Products Limited. The company has been awarded this contract as a domestic entity, highlighting its contribution to indigenous defence manufacturing capabilities.
Execution and Future Outlook
The execution of this order is slated to be completed within a period of within 5 years from the contract date. This timeline provides a clear roadmap for revenue recognition and project management. The company has confirmed that this order does not involve any promoter or group company interests in the awarding entity and is considered a standard transaction at ‘arms length’. The information regarding this significant development has also been made available on the company’s official website.
Source: BSE
