Bengaluru, India – March 6, 2025 – Mistral Solutions, a subsidiary of AXISCADES Technologies, has announced a groundbreaking partnership with Altera, an Intel company, to transform high-performance computing for aerospace and defense applications. The collaboration, unveiled at a seminar in Bengaluru, focuses on leveraging Altera’s Agilex 9 Direct RF FPGA technology to drive innovation in mission-critical systems.

The event, titled “Advancing Mission-Critical Applications with Altera’s Direct RF FPGAs,” saw participation from industry leaders, including representatives from DRDO, ISRO, HAL, and BEL. Dr. B K Das, DG ECS, DRDO, highlighted the importance of industry collaboration in advancing defense technologies. Sharadhi Babu, President of Defense Business at AXISCADES, outlined the company’s vision for indigenous innovation in next-generation defense solutions.

A key highlight of the seminar was the launch of Mistral’s SOSA-aligned 3U VPX Processing Engines, powered by Altera’s Agilex 9 Direct RF FPGA. These cutting-edge processing cards are designed for rugged environments and offer high-performance computing, ultra-low latency, and real-time data acquisition capabilities.

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Mr. D Murali Krishnan, CEO of Mistral, emphasized the partnership’s potential to accelerate defense technology innovation. “By integrating Altera’s FPGA technology, we are revolutionizing mission-critical applications with unmatched processing power and efficiency,” he said.

John Sotir, General Manager of Altera’s Military, Aerospace & Government Group, added, “Our Agilex 9 Direct RF FPGAs provide Mistral’s customers with the critical SWAP capabilities needed for next-generation aerospace and defense applications.”

Mistral also unveiled its technology roadmap, featuring advanced products for Electronic Warfare, Radar, SIGINT, and 5G/6G communication infrastructure. These innovations promise to redefine real-time defense systems with high-speed processing and rugged design.

New Delhi, March 5, 2025: Indian Railway Finance Corporation (IRFC), a leading financial institution under the Ministry of Railways, has been awarded the prestigious Navratna status by the Government of India. This recognition underscores its vital role in funding Indian Railways’ infrastructure expansion and modernization.

Established in 1986, IRFC has evolved into a major non-banking financial company (NBFC), securing its position as the third-largest government NBFC in India. As of March 31, 2024, IRFC reported a revenue of ₹26,600 crore and a profit after tax exceeding ₹6,400 crore. The company plays a crucial role in funding nearly 80% of Indian Railways’ rolling stock.

IRFC has also made significant strides in the financial markets. Since its listing on stock exchanges in January 2021 at an IPO price of ₹26, its stock has surged to around ₹140. With a market capitalization of over ₹2 lakh crore, an asset under management (AUM) of ₹4.61 lakh crore, and a net worth of ₹52,000 crore, IRFC continues to be a key player in India’s infrastructure financing.

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Expressing his views on this achievement, Manoj Kumar Dubey, CMD & CEO of IRFC, stated, “Receiving Navratna status reflects IRFC’s financial strength and dedication to railway infrastructure development. This recognition further motivates us to expand our capabilities and contribute to India’s economic growth.”

Looking ahead, IRFC is diversifying its investments beyond railway asset financing, entering sectors such as power, coal, telecom, and warehousing. It has recently secured ₹700 crore funding for 20 BOBR rakes for NTPC and was the lowest bidder to finance a ₹3,190 crore loan for Patratu Vidyut Utpadan Nigam Limited (PVUNL). Additionally, IRFC will finance ₹7,500 crore for NTPC Renewable Energy Limited.

With India aiming to become a $10 trillion economy, IRFC’s role in railway infrastructure financing is set to grow even further. The company remains committed to cost-effective financing solutions, supporting projects that enhance passenger and freight capacity.