AXISCADES Acquires ₹39.42 Crore Land Parcel in Telangana for New Defence Manufacturing Facility
AXISCADES Technologies Limited has completed the acquisition of a 32,847 square metre land parcel from the Telangana State Industrial Infrastructure Corporation (TSIIC) for ₹39.42 crore. The strategic investment marks another step in the company’s expansion plans to strengthen its capabilities in India’s fast-growing aerospace and defence manufacturing sector.
The acquired land will be used to establish a state-of-the-art defence hardware manufacturing and systems integration facility, supporting the company’s long-term growth strategy and India’s drive towards defence self-reliance.
Key Transaction Details
- Acquiring Company: AXISCADES Technologies Limited
- Seller: Telangana State Industrial Infrastructure Corporation (TSIIC)
- Land Area: 32,847 square metres
- Purchase Consideration: ₹39.42 crore (₹39,41,64,000)
- Location: IP Hardware Park Phase II, Maheshwaram Mandal, Rangareddy District, Telangana
- Purpose: Establishment of a Defence Hardware Manufacturing and Article Integration Unit (excluding fuels and explosives)
- Related Party Transaction: No. The acquisition was completed on an arm’s length basis with no promoter or related party involvement.
Strengthening Defence Manufacturing Capabilities
The proposed facility will focus on the assembly, manufacturing, and integration of defence hardware systems, without handling fuels or explosives. The investment is expected to enhance AXISCADES’ manufacturing capabilities and support increasing demand from India’s aerospace and defence sectors.
The expansion aligns with the Government of India’s ‘Make in India’ and Atmanirbhar Bharat initiatives, which aim to promote indigenous defence production and reduce dependence on imports.
Strategic Growth Initiative
With the establishment of the new facility in Telangana, AXISCADES is strengthening its infrastructure to cater to growing opportunities in defence, aerospace, and advanced engineering. The investment is expected to support future business growth by expanding the company’s manufacturing footprint and enhancing its ability to deliver integrated defence solutions for domestic and global customers.
The acquisition further reinforces AXISCADES’ long-term strategy of building advanced engineering and manufacturing capabilities in high-growth sectors while supporting India’s evolving defence ecosystem.