Astra Microwave Products Wins Orders Worth Rs 158 cr
Astra Microwave Products has bagged multiple orders from DRDO, ISRO and DPSU. These include: 1. Order worth Rs 16.8 crore for supply of satellite sub-systems and weather data processing system from ISRO. 2. Order worth Rs 120.44 crore for supply of Satellite sub-systems and airborne radar from DRDO. 3. Order worth Rs 20.8 crore for supply of radar and EW sub-systems from DPSU.
Order No - 1: ISRO’s orders are worth an aggregate amount of Rs 16.8 crore for the supply of Satellite sub-systems and weather data processing systems. The order will be supplied within 12 to 18 months from letter of intent.
Order No - 2: DRDO’s orders are worth an aggregate amount of Rs 120.44 crore for the supply of satellite sub-systems and airborne radar. The order will be supplied within 12 to 18 months from letter of intent.
Order No - 3: DPSU’s orders are worth an aggregate amount of Rs 20.8 crore for the supply of radar and EW sub-systems. The order will be supplied within 12 to 18 months from letter of intent.
Astra Microwave Products is involved in the development, design, and manufacture of sub-systems for Radio Frequency and microwave systems used in defence, space, meteorology, and telecommunication. The company has a market capitalization of over Rs 3,500 crore. The company has been maintaining a healthy dividend payout of 29.8 per cent.
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