Astra Microwave Products Limited has announced securing a major order worth ₹1.24 billion, marking a significant business development for the aerospace and defence company.

Order Details

The company has successfully secured this substantial contract, which represents a notable addition to its order book. The order value of ₹1.24 billion highlights the scale and importance of this business win for Astra Microwave Products.

Business Impact

This order win demonstrates the company's continued ability to secure significant contracts within the aerospace and defence sector. The substantial value of ₹1.24 billion reflects the company's competitive positioning and capability to handle large-scale projects.

Company Profile

Astra Microwave Products operates in the aerospace and defence sector, focusing on specialized technology solutions. The company's ability to secure orders of this magnitude underscores its established presence in the industry and technical capabilities in delivering complex projects.

Punjab National Bank has received a comprehensive credit rating reaffirmation from CRISIL Ratings Limited across multiple debt instruments and banking facilities. The rating agency announced the reaffirmation on December 12, 2025, maintaining its assessment of the bank's creditworthiness and financial stability.

Rating Reaffirmation Details

CRISIL Ratings Limited reaffirmed ratings across various categories of Punjab National Bank's debt instruments and facilities. The rating action covered bonds under Basel III framework, infrastructure bonds, and certificates of deposits totaling significant amounts.

Key Rating Strengths

The rating reaffirmation reflects several fundamental strengths of Punjab National Bank. CRISIL highlighted the bank's strong expectation of support from the Government of India as the majority shareholder, adequate capitalization with Tier-I capital adequacy ratio of 14.41% and overall capital adequacy ratio of 17.19% as of September 30, 2025.

Financial Performance Highlights

Punjab National Bank demonstrated improved asset quality metrics with gross non-performing assets declining to 3.40% as of September 30, 2025, from 3.90% as of March 31, 2025. The bank maintained its established market position as the third-largest public sector bank with gross advances of ₹11,69,592 crores.

Regulatory Compliance

The bank communicated the rating reaffirmation to both BSE Limited and The National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. CRISIL also withdrew ratings on redeemed bonds aggregating ₹5,294 crores following proper documentation of redemption.