Keltron secures three major defence contracts

21 Oct 2024 CW Team

The contracts include orders from the Naval Science and Technological Laboratory (NSTL) in Visakhapatnam for manufacturing a flight-in-air mechanism module, from Bharat Dynamics Ltd for India’s first indigenously developed NPOL-designed torpedo power amplifier, and from Rekise Marine Pvt Ltd for producing bow and flank arrays for an autonomous underwater vessel.

"We're pleased to report that the PSU is on the path to revival. Keltron will achieve a turnover of Rs.1,000 crore this financial year. Recently, it made history by manufacturing the country’s first super capacitor as part of the government's 100-day program," stated Industries Minister P Rajeeve during a ceremony to hand over strategic defence electronics equipment manufactured by the PSU for key defence and public sector entities, including Bharat Electronics Ltd and Hindustan Shipyard Ltd.

The advanced systems provided include sonar power amplifiers, marine sonar arrays, transducer elements, submarine echo sounders, submarine cavitation meters, sonar transmitter systems, towed arrays, and active noise cancellation systems.

Additionally, Coconics, a laptop manufacturing company, is set to introduce four new models in collaboration with Keltron, with two models branded under Keltron's name.

Keltron is taking significant strides under the state government’s initiative to build an electronics ecosystem in Kerala. The Attingal Keltron Knowledge Center has begun operations, and a second center at Kazhakoottam is expected to start soon, focusing on job-oriented skill development.

The PSU also secured an Rs.80 crore order from Tirupati Smart City Corporation Ltd to implement and operate pan-city information and communication technology solutions and establish a City Operations Center (COC).

Keltron aims for a turnover of Rs.1,000 crore by 2025 and Rs.2,000 crore by 2030.

The event was attended by notable figures, including MLA Uma Thomas and key officials from various departments and organizations.

Kerala government-owned Keltron has announced the acquisition of three significant defence contracts, reinforcing its position as a key player in the sector. The state Public Sector Undertaking (PSU) is on track to achieve its ambitious goal of reaching a turnover of Rs1,000 crore within this fiscal year. The contracts include orders from the Naval Science and Technological Laboratory (NSTL) in Visakhapatnam for manufacturing a flight-in-air mechanism module, from Bharat Dynamics Ltd for India’s first indigenously developed NPOL-designed torpedo power amplifier, and from Rekise Marine Pvt Ltd for producing bow and flank arrays for an autonomous underwater vessel. We're pleased to report that the PSU is on the path to revival. Keltron will achieve a turnover of Rs.1,000 crore this financial year. Recently, it made history by manufacturing the country’s first super capacitor as part of the government's 100-day program, stated Industries Minister P Rajeeve during a ceremony to hand over strategic defence electronics equipment manufactured by the PSU for key defence and public sector entities, including Bharat Electronics Ltd and Hindustan Shipyard Ltd. The advanced systems provided include sonar power amplifiers, marine sonar arrays, transducer elements, submarine echo sounders, submarine cavitation meters, sonar transmitter systems, towed arrays, and active noise cancellation systems. Additionally, Coconics, a laptop manufacturing company, is set to introduce four new models in collaboration with Keltron, with two models branded under Keltron's name. Keltron is taking significant strides under the state government’s initiative to build an electronics ecosystem in Kerala. The Attingal Keltron Knowledge Center has begun operations, and a second center at Kazhakoottam is expected to start soon, focusing on job-oriented skill development. The PSU also secured an Rs.80 crore order from Tirupati Smart City Corporation Ltd to implement and operate pan-city information and communication technology solutions and establish a City Operations Center (COC). Keltron aims for a turnover of Rs.1,000 crore by 2025 and Rs.2,000 crore by 2030. The event was attended by notable figures, including MLA Uma Thomas and key officials from various departments and organizations.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..