Why Astra Microwave Shares Rose Over 10% After Winning ₹2,205 Crore HAL Contract
Astra Microwave Products shares climbed more than 10% after the company secured a ₹2,205.23 crore order from Hindustan Aeronautics Ltd. (HAL) for the indigenous Uttam AESA Radar programme. The five-year contract is among the company's largest orders and strengthens its order book at a time when defence spending in India continues to increase.
Astra Microwave shares gain after major HAL order
Astra Microwave Products Ltd. shares jumped over 10% on Friday after the company announced that it had received a ₹2,205.23 crore contract from Hindustan Aeronautics Ltd. (HAL). The order relates to India's indigenous Uttam AESA Radar programme and will be executed over a period of five years.
The contract adds substantial visibility to Astra Microwave's future revenue and further expands its defence order book. Investors reacted positively as the order comes from one of India's largest defence manufacturers and is linked to a key domestic military programme.
Astra Microwave share price movement
| Particulars | Details |
|---|---|
| Share price gain | Over 10% |
| Intraday high | Around ₹1,960 |
| Order value | ₹2,205.23 crore |
| Customer | Hindustan Aeronautics Ltd. (HAL) |
| Execution period | Five years |
| 2026 stock performance | Up more than 96% |
Details of the ₹2,205 crore HAL contract
Under the agreement, Astra Microwave will manufacture and supply 122 Anti-Aircraft Auxiliary Units (AAAU) and 121 Interface Frames for the Uttam Radar programme. Both components are used in the radar system and are part of the indigenous electronics package being developed for the Indian Air Force.
The order will be executed over five years, giving the company a long execution pipeline and supporting revenue growth across multiple financial years.
HAL contract details
| Particulars | Details |
|---|---|
| Customer | Hindustan Aeronautics Ltd. (HAL) |
| Contract value | ₹2,205.23 crore |
| Products | Anti-Aircraft Auxiliary Units (AAAU) and Interface Frames |
| Quantity | 122 AAAUs and 121 Interface Frames |
| Execution timeline | Five years |
What is the Uttam Radar programme?
The Uttam Radar is an indigenous Active Electronically Scanned Array (AESA) fighter radar developed by the Defence Research and Development Organisation (DRDO). It is intended for the HAL Tejas Mk1A fighter aircraft and future combat platforms.
Astra Microwave manufactures the Active Antenna Array Unit (AAAU), one of the core assemblies used in the radar system. The programme is part of India's effort to increase the use of domestically developed defence equipment and reduce reliance on imported radar technology.
Uttam Radar programme
| Component | Details |
|---|---|
| Radar type | Active Electronically Scanned Array (AESA) |
| Developer | DRDO |
| Primary platform | HAL Tejas Mk1A and future aircraft |
| Astra Microwave's role | Manufacturer of Active Antenna Array Unit (AAAU) |
| Objective | Indigenous airborne radar development |
Management expects higher revenue and fresh orders
The HAL order comes as Astra Microwave has already projected revenue growth of 15% to 20% for FY27. Management expects annual revenue to reach between ₹1,300 crore and ₹1,400 crore while fresh order inflows during the year are expected to exceed ₹1,600 crore.
The company continues to participate in several defence programmes, including the Uttam Radar project, QRSAM and Su-30 upgrade initiatives.
Earlier in 2026, Astra Microwave's joint venture, Astra Rafael Comsys Pvt. Ltd. (ARC), also received a ₹250.58 crore order from HAL for Software Defined Radio (SDR) systems.
FY27 management guidance
| Metric | Outlook |
|---|---|
| Revenue growth | 15%–20% |
| Revenue target | ₹1,300–1,400 crore |
| Expected order inflow | More than ₹1,600 crore |
| Long-term objective | Nearly triple turnover over five years |
Astra Microwave stock performance
The latest order has added to an already strong year for the stock. Astra Microwave shares have risen more than 96% in 2026 and over 101% during the last 12 months. The stock has also gained approximately 130% from its 52-week low.
Investors will monitor the execution of the HAL contract, additional defence orders, quarterly financial results and updates on major defence programmes over the coming quarters.
Historical stock performance
| Period | Performance |
|---|---|
| Today | +10% |
| 2026 year-to-date | +96% |
| One-year return | +101% |
| From 52-week low | +130% |
Frequently asked questions
Why did Astra Microwave shares rise today?
The Astra Microwave stock rose more than 10% after announced a ₹2,205.23 crore order from Hindustan Aeronautics Ltd. for the Uttam AESA Radar programme. The five-year contract increases the company's order book and improves revenue visibility.
What is the value of Astra Microwave's latest HAL contract?
The contract is worth ₹2,205.23 crore, including applicable taxes. It is one of the largest orders received by the company.
What will Astra Microwave supply under the contract?
The company will supply 122 Anti-Aircraft Auxiliary Units (AAAU) and 121 Interface Frames used in the Uttam AESA Radar system.
What is the Uttam AESA Radar?
The Uttam Radar is an indigenous fighter radar developed by DRDO for the Indian Air Force. It is expected to be deployed on the HAL Tejas Mk1A and future combat aircraft.
What is Astra Microwave's outlook for FY27?
Management has guided for revenue growth of 15% to 20%, revenue between ₹1,300 crore and ₹1,400 crore, and fresh order inflows exceeding ₹1,600 crore during FY27.
Has Astra Microwave received other HAL orders recently?
Yes. Earlier in 2026, Astra Rafael Comsys Pvt. Ltd., the company's joint venture, secured a ₹250.58 crore order from HAL to supply Software Defined Radio (SDR) systems.
What should investors monitor going forward?
Key factors include the execution of the HAL contract, new defence orders, quarterly earnings, order book growth, and developments in programmes such as Uttam Radar, QRSAM and the Su-30 upgrade programme.
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