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Axiscades Technologies shares hit a 5% upper circuit after its defence arm Mistral Solutions won an ₹80 crore order under HAL’s Tejas fighter jet programme.
The deets: Mistral will supply electronic hardware for critical avionics, including the Mission Computer and Smart Multifunction Display.
All systems will be manufactured and delivered from Axiscades’ new DAL facility at the Bangalore Aerospace Park, reinforcing local production.
Zoom out: the Indian Air Force currently operates around 31 fighter squadrons, well below the sanctioned strength of 42 squadrons.
To bridge this gap, India has placed an order for 83 Tejas Mk1A fighter jets, worth roughly ₹48,000 crore, with deliveries expected to ramp up over the next few years.
Big theme: India’s defence capital outlay has crossed ₹6 lakh crore in the Union Budget, with a growing share earmarked for domestic procurement.
Fighter jets and their avionics are a key part of this push, making defence aerospace one of the fastest-growing segments in India’s Make in India story.
