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Business Standard
3 days ago
- Business
- Business Standard
Axiscades Technologies share jumps 5%, hits all-time high today; here's why
Axiscades Technologies share price: Axiscades Technologies shares were in demand on Friday, June 20, 2025, with the scrip rallying up to 4.67 per cent to hit a fresh all-time high of ₹1,479 per share. At 9:50 AM, Axiscades Technologies shares were trading 3.33 per cent higher at ₹1,460 per share. In comparison, BSE Sensex was trading 0.42 per cent higher at 81,703.22 levels. Why did Axiscades Technologies shares rise today? Shares of Axiscades Technologies surged today after the company signed two major international agreements aimed at boosting its presence in the aerospace, defence, and space technology sectors. The first boost came from a collaboration with Indra, a Spanish defence and technology major. The partnership aims to manufacture several of Indra's aerospace and defence systems in India, including Distance Measuring Equipment (DME) and countermeasure systems designed to protect aircraft from missile threats such as MANPADS. This alliance not only enhances Indra's global manufacturing footprint but also strengthens India's defence production capabilities under the 'Make in India' initiative. Both companies are also exploring future collaborations in Maritime Patrol Aircraft (MPA) solutions and key DRDO programmes, including MRMR and MMMA. Separately, on June 19, Axiscades Technologies entered into a strategic Memorandum of Understanding (MoU) with Aldoria, a leading European firm specialising in Space Surveillance and Situational Awareness (SSA). Announced at the 2025 Paris Air Show, the partnership aims to strengthen India's space capabilities by jointly developing software and integrated systems for orbital monitoring and collision avoidance. As part of the MoU, both companies will explore opportunities for high-level data integration and system alignment to deliver advanced SSA solutions that enhance India's space safety, security, and sovereignty. The collaboration also involves the exchange of selective technical insights to ensure compatibility with India's evolving space ecosystem. Following five months of discussions with ISRO and ISTRAC, Axiscades Technologies and Aldoria formalised this partnership to address growing needs in the space domain. The two firms will also work on scalable, end-to-end solutions designed to improve situational awareness in orbit—marking a major step toward building robust space infrastructure for the future. Sampath Ravinarayanan, chairman, Axiscades Technologies, said, 'India's growing constellation of space assets demands robust, indigenous SSA systems. Our collaboration with Aldoria marks an important milestone in our ongoing commitment to providing India's space ambitions with the best technology solutions available. We aspire to contribute and create a safe and sustainable space environment by combining our engineering expertise with Aldoria's pioneering role in space surveillance. Strategic space capabilities are essential for national security and long-term space exploration, and this alliance is a step toward enabling them.' About Axiscades Technologies Axiscades Technologies is among the leading technology and product engineering companies with over 25 years of expertise in aerospace, defence, and electronic systems & industrial automation (ESAI). The company provides end-to-end solutions—from conceptual design to manufacturing and certification—making it a trusted partner for OEMs and Tier 1 suppliers worldwide. The market capitalisation of Axiscades Technologies is ₹6,162.16 crore. The company falls under the BSE SmallCap index.
Business Upturn
6 days ago
- Business
- Business Upturn
Axiscades shares hit 5% upper circuit after company signs MoU with Indra
By Aman Shukla Published on June 17, 2025, 09:15 IST Shares of Axiscades Technologies hit a 5% upper circuit following the announcement of a strategic partnership with Indra, a leading Spanish defense and technology company. The two firms have signed a Memorandum of Understanding (MoU) to jointly manufacture key aerospace and defense solutions in India. The agreement was signed during the Aerospace Show in Le Bourget by José Vicente de los Mozos, CEO of Indra, and Dr. Sampath Ravinarayanan, Chairman of AXISCADES, in the presence of senior leadership from both companies. As part of the collaboration, AXISCADES will support the local production of Indra's tactical systems including antennas for Tactical Air Navigation Systems (TACAN), Distance Measuring Equipment (DME), and countermeasure systems aimed at protecting aircraft from guided missile threats like MANPADS. This partnership aligns with India's 'Make in India' initiative and is expected to bolster AXISCADES' technological capabilities in aerospace and defense manufacturing. Indra, which already has a strong footprint in India through defense and civil aviation projects, aims to deepen its supply chain integration with local firms. The companies are also evaluating further collaborations on MPA Airborne Solutions and potential partnerships for DRDO's CABS MRMR and MMMA programs. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
30-05-2025
- Business
- Time of India
AAI praises Gkp Airport team for tech advancements
Gorakhpur: Gorakhpur Airport's communication team was awarded a certificate of commendation by the Airports Authority of India (AAI) for the successful installation of DVOR (Doppler VHF Omni Range) and DME (Distance Measuring Equipment), two essential navigation systems enhancing flight safety and operational efficiency. The recognition, issued by the AAI's regional headquarters in New Delhi, was handed over by Airport director R K Parashar on behalf of deputy general manager (communication) Brijesh Kumar Luthra. The commendation was received by AGM (communication) and team leader Vijay Kaushal along with team members Arvind Yadav, Dinesh Kumar Gupta (AGMs, electronics), Alok Kumar (assistant manager, electronics), and Shrishanshu Jaiswal (senior assistant). With DVOR and DME now functional, Gorakhpur Airport is equipped to handle all-weather operations and an expected rise in air traffic with improved navigation accuracy. The airport director praised the team's technical dedication and collaborative spirit, calling it 'a reflection of vision, teamwork, and commitment to excellence." The event was attended by AAI officials, staff, local administration, and media representatives.
Time of India
14-05-2025
- Time of India
New control tower at Trichy airport likely to be ready by Dec
Trichy: Airports Authority of India (AAI) said that the new air traffic control (ATC) tower and technical block at the Trichy airport is likely to be ready by Dec this year. The tower which will serve the increased traffic of the new integrated passenger terminal was slated to completed by this month. The 151ft-tall tower will feature an eight-storey ATC block and four-storey technical block, proposed at an outlay of Rs 60.7 crore. Construction work for the new block began in said around 75% of work has been completed so far. "We have planned to complete the work by Sep. Subsequently, a team from the Director General of Civil Aviation (DGCA) will inspect and approve it for commissioning. It may become operational by Dec," S Gnaneswara Rao, director of Trichy airport, told TOI. The new ATC tower is being constructed between the old terminal and new integrated passenger terminal, providing a clear view of aircrafts approaching and leaving the runway. Trichy airport is currently handling 53 to 62 flights (both domestic and international) per day, up from 40 to 50 flights handled per day in Feb this year. Due to the increase in flight services, AAI had commissioned a Doppler Very High-Frequency Omni Range/Distance Measuring Equipment (DVOR/DME), an advanced navigational facility, at the Trichy airport. Meanwhile, aviation enthusiasts urged the AAI to preserve the old ATC tower, which was opened in Nov 1960, as a heritage site. "Instead of demolishing the existing ATC tower after the new facility becomes operational, AAI must consider using the 65-year-old tower for educational and training purposes," H Ubaidullah, an aviation analyst, said. Officials that a decision on making use of the old ATC tower is yet to be finalised.
