Astra Microwave trims gains after Rs 13.8 cr order

MUMBAI: Shares of Astra Microwave Products witnessed an upside but quickly gave up gains Wednesday after it won an order worth Rs 13.8 crore to supply and install automatic weather stations across 500 locations in India.

The electronic communications systems maker received the latest order from Antrix Corporation, the commercial arm of India's Department of Space, it said in a statement to the stock exchange.

The company said the unmanned weather stations were scheduled to be commisssioned by May 2009. The weather stations will feed live data via satellite to the Indian Space Research Organization's central servers.

The Antrix order follows a Rs 25.5 crore order for automatic weather stations by the India Meteorological Department in August. Astra's order book now stands at Rs 176 crore, it said.

At 11 am, the company's shares were down 0.19 percent at Rs 51.45 after touching a high of Rs 53 in early trade.