Zen Technologies Secures Rs227.65 Crore Order for Anti-Drone Systems
Zen Technologies Limited, a leading player in the defense technology sector, has witnessed a significant boost in its shares, rising by 4.36 percent, following the announcement of a substantial order from the Ministry of Defence, Government of India. This development underscores the company’s growing influence in the defense industry.
The lucrative order, received on September 22, 2023, is valued at approximately ?227.65 crore and centers around the supply of state-of-the-art Anti-Drone systems. Zen Technologies has emerged as the exclusive vendor for this high-profile contract, further solidifying its position as a key contributor to India’s defense capabilities.
In addition to the supply of Anti-Drone systems, the contract also encompasses a Comprehensive Maintenance Contract (CMC) post-warranty, with a substantial value of ?43.22 crore. This comprehensive arrangement exemplifies Zen Technologies’ commitment to ensuring the long-term functionality and reliability of the supplied systems.
As Zen Technologies continues to establish itself as a trusted partner in the defense sector, the company is dedicated to fulfilling its substantial order book for equipment over the next 18 months. Furthermore, it anticipates securing additional significant orders in the near future, further enhancing its market presence and contributing to India’s defense preparedness.
Zen Technologies has earned its reputation as a leader in defense technology, boasting a portfolio that includes over 130 filed patents, with more than 50 already granted. The company’s impact extends beyond national borders, with the deployment of over 1,000 training systems worldwide.
This latest achievement marks a significant milestone for Zen Technologies, reflecting its dedication to advancing defense capabilities and reinforcing India’s position as a prominent player in the global defense arena. With its ongoing commitment to innovation and excellence, Zen Technologies is poised for continued growth and success in the defense technology sector.
