Shares of Centum Electronics Ltd rose over 5% on Thursday after the company announced a strategic teaming agreement with Indra Air Traffic Inc, a global leader in defence, air traffic, and space technologies.

Under the partnership, both companies will jointly develop and manufacture advanced air navigation systems for the Indian naval forces.

The collaboration aims to strengthen operational readiness and deliver mission-critical, cutting-edge systems, with manufacturing to be undertaken in India.

The development comes as Centum continues to project strong growth for FY26. The company has maintained its standalone revenue guidance of 30% growth, with management confident of achieving the required 36% expansion in the second half.

Standalone EBITDA margins are expected to range between

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