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This order marks a significant milestone for Centum and underscores its growing role in the development of advanced, indigenous defence electronics systems

The said order is expected to be completed by February, 2028

Both companies will collaborate develop and manufacture advanced air navigation systems for Indian naval forces

This collaboration establishes a framework for joint R&D and co-development of next-generation Advanced Naval Navigation Systems

This MoU establishes a framework for strategic collaboration between the company and BEL across defence electronics domains

The investment will be made in one or more tranches by end of March, 2025

The additional investment upto 2 million Euro will be made in one or more tranches by January, 2025

The Board of Directors of the company at their meeting held on November 12, 2024 has approved the same

The order is to be executed within 30 months

The company has received an order from DRDO

The Board of Directors of the company at their Meeting held on August 11, 2023 has approved the same

The said investment will be done through Centum Electronics UK, a wholly owned subsidiary of the Company, subject to necessary approvals

Both the companies will collaborate in the field of Electronic Warfare systems for the Indian Navy and Indian Coast Guards

This MoU will enhance Centum’s indigenous Radar technology capabilities in addition to generating additional revenues in the coming years