Ministry of Defence (MoD) has promulgated the framework for increased utilisation of simulators by the Indian Army, Indian Airforce, Indian Navy, and the Indian Coast Guard to transform to simulation-based training across all military domains to achieve cost-effective, safe and smart training. The framework emphasises indigenous design and development as well as outsourcing simulator operation and maintenance to Indian Companies. The policy will apply to all types of simulators currently in use or to be purchased by the Armed Forces in the future.
Mr Ashok Atluri, Chairman, Managing Director, and CFO, commented on the government initiative, saying, "This is unquestionably the right strategic decision taken by the Indian Government. The transformation from training on actual equipment to simulation-based training across all military domains will lower training costs by saving on ammunition and logistics, extend the life of operational equipment, improve the operational readiness of the armed forces, and give a huge boost to the morale of the troops."
He further added "The framework will provide a significant boost to Indian companies involved in the design, development, and maintenance of defence training simulators. Furthermore, the idea of outsourcing the operation and maintenance of simulators to Indian companies is a huge plus. While outsourcing military training to companies is common in countries like the USA, this is a bold move by the Government of India and the Armed Forces. With guaranteed uptime of training equipment, the military can train more reliably. Overall, simulation training and outsourcing could save thousands of crores - a very smart and prudent move by the Indian Government."
Shares of Zen Technologies Ltd. was last trading in BSE at Rs. 195.05 as compared to the previous close of Rs. 186.45. The total number of shares traded during the day was 490001 in over 5363 trades.
The stock hit an intraday high of Rs. 195.75 and intraday low of 190. The net turnover during the day was Rs. 95450251.