Centum Electronics Limited, a prominent name in electronic system design and manufacturing, has been awarded a substantial contract worth Rs 109.58 crore by the Defence Research and Development Organisation (DRDO).
This order involves the delivery of critical intersatellite link and other payload subsystems, essential components for seamless satellite communication and data transmission.
The project is expected to be completed within a span of 16 months, showcasing Centum Electronics' proficiency in delivering complex electronic systems under tight timelines.
Centum Electronics has established itself as a reliable partner in the aerospace, defence, and industrial electronic domains. The company focuses on producing high-quality electronic modules, subsystems, and systems that adhere to the rigorous standards of these industries.
This recent order from the DRDO further solidifies Centum Electronics' position as a trusted supplier to the Indian defence sector. Their expertise in electronic system design and manufacturing, combined with a proven track record of successful project execution, makes them a preferred choice for meeting the demanding requirements of defence applications.
Following this announcement, Centum Electronics' shares saw a 3.10% increase, reaching Rs 1,757.15. While the company recently reported a decline in consolidated net profit for Q1 FY25 to Rs 3.84 crore compared to Rs 1.45 crore in Q1 FY24, its net sales showed a slight increase to Rs 238.81 crore in Q1 FY25.
