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Axiscades Technologies’ shares jumped 5% to hit the upper circuit on Wednesday after its defence subsidiaries secured orders worth ₹600 crore.
The deets: the order is for defence electronics across airborne, naval, and radar projects from top Indian defence laboratories.
The contracts involve designing and delivering advanced sub-systems for key indigenous platforms built by DRDO and Defence PSUs.
Key wins from the new orders include:
- Design and supply key components for the VIRUPAKSHA (AESA) Radar to replace the Russian-made radar on India’s Su-30 fighter jets.
- Deliver advanced TR Modules to enhance detection and tracking for long-range S-Band surveillance radars.
- Develop core units for LRBMR – KUSHA, an indigenous long-range battle management radar with over 500 km range.
- Make the Homing Receiver for the Electric Heavy Weight Torpedo (EHWT) to guide next-gen submarine-launched torpedoes.
- Supply key sub-systems for Sonar Systems to strengthen India’s undersea warfare capabilities.
Zoom out: the global defence electronics market was worth $175 billion in 2024 and is growing at a nearly 6% rate. In India, the broader defence market is valued at about $30.5 billion in 2025 and it is expected to grow to $37.6 billion by 2030.
Analysts see the Indian aerospace & defence electronics opportunity reaching $70–72 billion over the next decade. India currently imports up to 65% of its electronics demand and invests just 1% of its defence budget in R&D, well below global peers.
