Zen Technologies Shares Surge Following New Defence Export Order

Zen Technologies Shares Surge Following New Defence Export Order

VoM News Desk | November 20, 2023 | 11:59 AM IST | Breaking News | Follow on Google News

Zen Technologies Shares Surge Following New Defence Export Order

Zen Technologies Shares Surge Following New Defence Export Order

Shares of Zen Technologies, a leading provider of anti-drone technology and defence training solutions in India, witnessed a significant rise of 4.40% to ₹754 per share in early Monday trading. This surge is attributed to the company securing a substantial export order.

Details of the Export Order

Zen Technologies announced an export order valued at approximately ₹42 crore. The order includes advanced simulators and is from a friendly nation. This development reflects the Indian government’s efforts to boost defence exports and aligns with its goal of becoming a net defence exporter.

Recent Achievements and Orders

The company has been successful in winning significant orders from the Ministry of Defence, Government of India. These orders are a result of various government initiatives like Make in India, ‘Atmanirbharata’, Buy Indian IDDM, and the GoI’s commitment to sustainability. Notable orders include a ₹100 crore deal for a Force-On-Force tank training system

VoM News Desk

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