Defense Business and Industry

IT stock rises 4% after Indian Navy awards major defense contract.

Softvan Limited, a subsidiary of Sahana Systems, has secured a Rs. 7.74 crore contract from the Indian Navy to upgrade its RF and Non-RF infrastructure, aimed at enhancing defense communication and testing capabilities by April 2026. The contract, awarded through the Government e-Marketplace (GeM), is a testament to Softvan’s growing expertise in executing high-technology projects critical for India’s defense sector. Following the announcement, Sahana Systems’ shares rose approximately 4%, reflecting investor confidence in the company’s strategic direction and financial health, evidenced by a significant year-on-year revenue increase of 156%. This development underscores India’s commitment to modernizing its defense capabilities and the vital role of the private sector in advancing military technology.

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