Astra Microwave, BEL Signs MoU for Radar, Electronic Warfare and Satellite Systems

Astra Microwave Products Limited has signed a Memorandum of Undertaking (MoU) with Bharat Electronics Limited (BEL), a public sector enterprise under the Ministry of Defence. The company informed stock exchanges on December 26, 2025. 

Purpose of the Agreement 

The MoU sets out cooperation between the 2 companies in defence electronics and aerospace. The scope includes the design, development and manufacturing of electronic modules, subsystems and complete systems.  

These activities are intended to support defence-related applications rather than commercial electronics. 

Technology Areas Covered 

The collaboration will focus on specific technology segments such as Electronic Warfare (EW), radar systems and satellite-related electronics.  

These areas are considered part of core defence infrastructure and typically involve specialised microwave and radio frequency technologies. The agreement does not provide timelines or details of individual programmes. 

Structure of the Arrangement 

The filing states that the MoU is a non-equity arrangement. There is no shareholding between Astra Microwave and BEL arising from this agreement.  

No special rights have been granted to either party, including rights related to board appointments, share subscriptions or capital structure changes. 

Governance and Related Party Status 

According to the disclosure, the agreement does not fall under related party transactions. BEL is not linked to Astra Microwave’s promoter or promoter group. The company has also clarified that there are no nominee director arrangements or potential conflicts of interest linked to the MoU. 

Share Price Performance  

As of December 26, 2025, Astra Microwave Products share price closed at ₹977.60, a 0.76% increase from the previous closing price.  

While Bharat Electronics (BEL) share price closed at ₹398.30, a 0.43% decrease from the previous closing price. 

Read More: KNR Constructions Share Price Rises 5% As Company Plans Exit From 4 Highway SPVs! 

Conclusion 

The MoU between Astra Microwave Products Limited and Bharat Electronics Limited establishes a formal framework for cooperation in defence electronics and aerospace technologies. The agreement outlines broad areas of work, while specific commercial details remain to be defined. 

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