NSE:AXISCADES

2 stories mentioning NSE:AXISCADESUpdated 56d ago

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AXISCADES Technologies Arm Secures Order Worth INR69 Million for Mobile Mast System

AXISCADES Aerospace & Technologies, a wholly-owned subsidiary of AXISCADES Technologies (NSE:AXISCADES, BOM:532395), has secured an order worth 69 million Indian rupees from the Research & Development Establishment (Engineers), according to a Wednesday filing to the Indian stock exchanges.Research & Development Establishment (Engineers) comes under the Defence Research and Development Organisation (DRDO), Ministry of Defence, India.The contract is for the manufacturing and supply of a mobile mast system, including the manufacturing, integration, qualification testing, documentation, and delivery.If successfully completed, the mobile mast could be deployed in other air defense systems across the country.

BOM:532395NSE:AXISCADES

Asia57d ago

AXISCADES Technologies to Divest Engineering and Heavy Energy Services Business

Aerospace and technology engineering company AXISCADES Technologies (NSE:AXISCADES, BOM:532395) plans to transfer its engineering and heavy energy services business to digital engineering consulting company Akkodis in a $30.6 million deal, according to a Monday filing to the Indian stock exchanges.The transaction will include an additional performance-based earnout and will be payable in cash over a multi-year period.The move is aimed at helping the company to transition from a services-led organization to a focused aerospace manufacturing and products-led platform.The move is expected to be completed in the third quarter of 2027, subject to applicable regulatory clearances. The funds from the transaction will help the company build its Devanahalli Atmanirbhar Complex, the Missile Atmanirbhar Complex, and its pipeline of strategic acquisitions in higher-margin products and manufacturing capabilities.

BOM:532395NSE:AXISCADES

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