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News: In a regulatory filing, the company has informed that Kalyani Strategic Systems Limited, a wholly-owned Defence subsidiary, has bagged two export orders aggregating to Euros 93.87 million (~₹ 850 Crores) from friendly countries for supply of components and Armoured vehicle chassis to be executed over a 18 months’ timeframe.
Views: The company with proven capabilities in the defence space is winning encouraging order wins in the export market (current order book pegged at ~₹ 2,200 crore). With it being already qualified for artillery guns (to be procured by Indian Army in the near term) as well as possesses license to manufacture small arms and ammunition, pathway is well laid out for defence vertical forming substantial portion of its topline going forward.
Impact: Positive