Astra Microwave Products gets export order worth Rs310 crore

Astra Microwave Products has an order book value close to Rs730 crore

Astra Microwave Products has informed Bombay Stock Exchange (BSE) that the company has received an export order worth $59.9 million (approximately Rs310 crore) from one of its overseas customers for supply of microwave sub-systems.

As of today, the company has an order book value close to Rs730 crore.

Astra Microwave Products designs, develops and manufactures sub-systems for RF and microwave systems used in defence, space, meteorology and telecommunication.

Astra Microwave shares closed 8.47% higher at Rs40.35 per share on the Bombay Stock Exchange, while the Sensex ended marginally lower at 17,373.

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Artson Engineering gets Rs12 crore order for pressure water filters

The order entails supply and manufacture of 55 numbers of pressure water filters for Tata Steel’s plant at Kalinganagar, Odisha

Artson Engineering, a subsidiary of Tata Projects, has informed BSE (Bombay Stock Exchange) that its Nashik manufacturing unit has received an order from Tata Projects entailing supply and manufacture of 55 numbers of pressure water filters for Tata Steel’s steel plant at Kalinganagar, Odisha. The estimated contract price is Rs12.47 crore.

The company has manufacturing facility at Nashik (Ambad) to support its engineering procurement and construction (EPC) projects.

Artson Engineering shares closed 2.83% higher at Rs29.05 per share on the Bombay Stock Exchange, while the Sensex ended marginally lower at 17,373.

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GoAir to begin operations from Chennai airport

GoAir would introduce double daily round trip services between Chennai and Mumbai, a daily flight between Chennai and Pune and five weekly frequencies between Chennai and Port Blair

Chennai: Expecting addition of two more aircraft to its fleet this fiscal, Mumbai-based domestic airliner GoAir would begin operations from Chennai airport from 1 May 2012, company CEO Giorgio De Roni said, reports PTI.

“We are starting our operations in Chennai from 1st May and the city will be our 22nd destination. We are expecting two A320 this fiscal,” Mr Roni told reporters.

GoAir has 11 aircraft in its fleet and would have 20 by the end of 2015 and another 72 flights of A320 neo (A320 with new engine option) by 2016, he said.
“A320 neo-s will help us in cutting down the expenditure, as they are 15% fuel efficient and has less emission,” he said.

Holding that their forecast of passengers from Chennai would be around 10%, he said the company would introduce double daily round trip services between Chennai and Mumbai, a daily flight between Chennai and Pune and five weekly frequencies between Chennai and Port Blair.

GoAir presently has 30,000 flight services constituting over 50,000 flight hours carrying four million passengers to 21 destinations.

“We aim for 35,000 flight services over 60,000 flight hours carrying 5 million passengers to 22 destinations this fiscal,” he said.

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