Shares of Bengaluru-based Axiscades Technologies surged by 5%, hitting an all-time high of ₹1,282.70 on June 17, following the signing of a MoU with Spain’s Indra. The deal focuses on jointly producing aerospace and defence solutions, leveraging Axiscades’ design, development, and supply‑chain strengths.
This partnership underscores growing confidence in India’s emerging aerospace industrial base. Collaborating with Indra could boost domestic manufacturing capacities and global integration. With increasing business since the start of 2025, such ties significantly enhance India’s role in the global defence-tech supply chain.
