Comments
Astra Microwave Products has won an export order of $59.9 million (approximately Rs 310 crore) from an overseas customer for supply of microwave sub-systems.
As on today, the company has an order book of close to Rs 730 crore.
The BSE-listed company did not disclose the name of the overseas customer in its notice to the stock exchanges.
The company has been in talks with EADS (Europe), Thales Aerospace (France) and Electronica (Italy) for export of niche products.
Astra Microwave has been active in tapping the opportunities out of the 'Offset Policy’ of the Ministry of Defence, by strengthening its research and manufacturing base around Hyderabad. It was one of the first small and medium enterprise to bag an order from ELTA of Israel under the Offset clause.
Mr B. Malla Reddy, Managing Director of the company had told Business Line that ELTA, a wholly owned subsidiary of Israel Aircraft Industries (IAI), gave the company a Rs 55-crore order for the supply of TR modules (Transmit & Receive).
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.