ISRO formally published the GSLV-F17/EOS-05 mission page on 29 August 2026, describing EOS-05 as a state-of-the-art Earth-observation spacecraft and, most importantly, India’s first-ever imaging satellite from geosynchronous orbit. GSLV-F17 will place the spacecraft initially into a Sub-Geosynchronous Transfer Orbit, from where the satellite will proceed towards its intended operational orbital configuration.
The sharp increase has been driven primarily by a landmark ₹2,205-crore order from Hindustan Aeronautics Limited for critical subsystems associated with the indigenous Uttam radar programme. At the same time, Astra Microwave is positioning itself for additional opportunities involving the Virupaksha radar, Angad electronic-warfare systems, anti-drone systems, software-defined radios and other DRDO electronic-warfare programmes.
AXISCADES’ Board approved the transaction on 28 August 2026, while the company issued a detailed press release on 30 August. The acquisition values Cloud Wave at an enterprise value of approximately ₹260 crore, subject to finalisation of accounts and adjustments under the definitive agreements. The initial 90% stake will be acquired for cash, with completion targeted by 30 September 2026. AXISCADES may subsequently acquire the remaining 10%, subject to the terms of the agreements.
Shree Refrigerations disclosed the order to the stock exchanges on 29 August 2026. According to the regulatory disclosure, the contract was awarded by the Controller of Procurement, Material Organisation, Mumbai, Indian Navy. The order is valued at ₹3.93 crore excluding GST and is to be completed within 365 days, with delivery scheduled by 28 August 2027. The underlying order is dated 28 August 2026.
Under a Memorandum of Understanding announced on 30 August 2026, Tata Advanced Systems has been selected as the Javelin Joint Venture’s prime Indian partner for prospective in-country co-production of the Javelin All Up Round. The arrangement envisages establishing final assembly and integration capabilities in India while also examining the manufacture of selected missile components within the country.
Avantel disclosed the contract to the stock exchanges on 29 August 2026 under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements. The order has been awarded by DRDO under the Ministry of Defence and is classified as a domestic contract. Its total value of ₹117.88 crore includes applicable taxes.
Developed in-house within the Indian Army by Major Rajprasad R.S. of the Corps of Engineers, the robotic platform represents a significant step in the Army’s growing effort to integrate unmanned ground systems into frontline formations. SapperScout 2.0 has been conceived as a modular vehicle rather than a single-purpose robot, allowing different mission payloads to be installed on a common all-terrain chassis.
Bengaluru-based Ethereal Machines is working on this less-visible layer of industrial capability. The company designs, builds and operates proprietary multi-axis CNC systems in India. Its flagship Nimbus five-axis machining platform is designed for complex components that demand micron-level precision.
LMW, however, does not manufacture textiles itself. It manufactures the sophisticated machinery used by textile mills. That distinction helps explain a transformation that has largely taken place outside public attention: the engineering company that perfected machines for turning cotton into yarn is now manufacturing rocket structures, aircraft assemblies, aero-engine components and advanced carbon-fibre composites.
The programme is significant because CHESS is one of the DRDO establishments associated with high-energy technologies and directed-energy research. A collimated fibre laser array represents an important class of optical technology for generating, conditioning and directing multiple laser outputs with controlled beam characteristics, capabilities that have relevance to the broader development of scalable high-power laser systems.
