Mumbai, Sept. 1 -- In a regulatory filing, the company stated that Mistral Solutions has received a development contract from the Combat Aircraft System Development and Integration Centre (CASDIC) for the design and development of 10 Electronic Control Units (ECUs) for the cooling system of the upgraded Su-30MKI aircraft. This order pertains to prototype development and is expected to be followed by a production order for an estimated 600 units, with a total value of approximately Rs 150 crore over a period of five years.
The company further clarified that its promoters, promoter group, and group companies have no interest in the awarding entity, and the order does not fall under the category of related party transactions.
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