Rs 1,098 Crore Order Book: Aerospace & Defence Company Bags Rs 135 Cr DRDO Radar System Order, FIIs Stake Increased

Astra Microwave Products Ltd. (AMP) has announced that it has received an order from the Defence Research and Development Organisation (DRDO) for a total of Rs 135 crores, which includes taxes. This order is for the upgradation of a Ground-based Radar system and must be completed within 18 months. The order was awarded by a domestic entity, and there is no interest from the company's promoters, promoter group, or group companies in the entity that awarded the contract.

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About the Company

Astra Microwave Products Ltd. specializes in the design, development, and manufacturing of a wide range of electronic items and components. The company's principal activities include manufacturing, producing, assembling, repairing, maintaining, importing, exporting, buying, and selling various electronic components, such as filters, power dividers, directional couplers, amplifiers, circulators, isolators, power combiners, and antennae.

The company has a market capitalisation of over Rs 9,000 crore. As of March 31, 2025, the company’s order book stands at Rs 1,098 crore, which is executable in the next 12 to 36-month period. Additionally, as of March 2025, an ace investor, Atim Kabra, owns a 3.53 per cent stake. Furthermore, FIIs have increased their stake to 6.47 per cent in June 2025 compared to March 2025.

Disclaimer: The article is for informational purposes only and not investment advice.