Astra Wins Rs 1.35 Billion Radar Deal From DRDO

07 Aug 2025 CW Team

Astra Microwave Products rose 2.30 per cent to Rs 971 after securing a defence order worth Rs 1.35 billion from the Defence Research and Development Organisation (DRDO) for upgrading a ground-based radar system.

The contract is set to be executed over 18 months. The company confirmed that neither its promoters nor related group entities have any involvement with the awarding organisation, and the transaction does not qualify as a related party deal, thus not requiring an arm’s length assessment.

Astra Microwave specialises in the design, development, and manufacture of high-value RF and microwave super components, subsystems, and systems for defence, space, telecommunications, meteorology, and civil communication sectors.

In its financial results for Q4 FY25, Astra Microwave reported a consolidated net profit of Rs 734.9 million, marking a 35.1 per cent increase over the same quarter last year. Revenue from operations rose 15.2 per cent year-on-year to Rs 4.08 billion.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..