Zen Technologies secures Rs 228 cr order from Defence Ministry for anti-drone systems
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Zen Technologies Limited, a key participant in the military technology industry, saw its shares rise by 4.36% on the news of a big order from the Ministry of Defence, Government of India.This development highlights the company's expanding clout in the defense market.
The lucrative order, obtained on September 22, 2023, is worth roughly 227.65 crore and focuses on the provision of cutting-edge anti-drone technology.Zen Technologies has emerged as the sole vendor for this high-profile contract, cementing its status as an important contributor to India's defense capabilities.
In addition to the procurement of Anti-Drone devices, the contract includes a Comprehensive Maintenance Contract (CMC) post-warranty worth Rs. 43.22 crore.This thorough agreement demonstrates Zen Technologies' dedication to assuring long-term functionality & reliability of the supplied systems.
Zen Technologies is committed to delivering its considerable order book for equipment over the next 18 months as it continues to position itself as a trusted partner in the military sector. Furthermore, it expects to secure further large orders in the near future, expanding its market position and contributing to India's defense readiness.
Zen Technologies has established itself as a military technology pioneer, with a portfolio that includes over 130 filed patents and more than 50 awarded patents. The company's effect goes beyond national lines, with over 1,000 training systems deployed globally.
This recent accomplishment is a key milestone for Zen Technologies, demonstrating the company's commitment to expanding defense capabilities and confirming India's position as a major participant in the global defense arena. Zen Technologies is positioned for continuing development and success in the military technology industry because to its continual dedication to innovation and quality.
