Tuesday, July 19, 2005
Astra Microwave plans Rs 25 Cr. growth
With the increasing demand for its products and services both in the Indian and International markets, Astra Microwave Products Ltd (AMPL) has embarked upon an expansion programme involving an investment of Rs 25-crore. The India-based microwave components manufacturer is one of the few private brands engaged in designing and manufacturing of high value-added Radio Frequency (RF) and microwave super components and sub-systems for applications in defence, space and communication systems. During the fiscal ended March 2005, Astra Microwave Products Ltd registered a growth of 87 per cent in revenues at Rs 65 crore, from Rs 34 crore in the previous fiscal, while the net profit improved by 127 per cent at Rs 23 crore (Rs 7.5 crore). As at the end of the fiscal, the company's order book position stood at over Rs 105 crore.