Shares of Axiscades Technologies Ltd were trading in the green and 1% higher on 27 May after the company announced securing a Rs 90 crore order from Bharat Electronics Limited (BEL). 

In its regulatory filing, the company said that they have secured a large order from Bharat Electronics Limited for designing, manufacturing, and supplying eight radar processing systems for the Arudhra Medium Powered Radar for a total consideration of Rs 90 crore, which has to be delivered in the next four years. 

Furthermore, the organisation initiated the implementation of sophisticated work packages with major Original Equipment Manufacturers (OEMs) in the field of cyber security and also made progress in exploring new avenues of collaboration with diverse clients.

Moreover, the company has outlined its objective to surpass industry benchmarks by achieving substantial growth in the energy sector. This will be accomplished by increasing the value of contracts with existing customers and acquiring new customers.

AXISCADES Technologies, headquartered in Noida, is a renowned company specialising in comprehensive engineering solutions and product development. They offer expertise in digital technology, engineering services, and smart manufacturing to large corporate entities.

At 3:30 pm, the shares of Axiscades Technologies shed all their early gains and closed 0.91% lower at Rs 507.05 on NSE.