ZEN Technologies Ltd receives multiple orders

ZEN Technologies Ltd has announced the receipt of orders from Indian as well international customers for Annual Maintenance contract and supply of products.

The company has received an order from a government customer for Annual Maintenance Contract for a period of 5 years for an approximate value of Rs. 40 Cr.

On export front the Company recently received an order for supply of Zen's simulators to a West African army for about USD 1.4 million and the same has been partially executed.

Further the company has received order for supply of Zen's simulators to a Middle East country for about 700,000 USO. The order is expected to be executed during Q3 of FY 2020-21.

Both the export orders aggregate to Rs. 15.56 Crores (converted USD@ Rs. 73.28).

Shares of ZEN TECHNOLOGIES LTD. was last trading in BSE at Rs.81.3 as compared to the previous close of Rs. 81.1. The total number of shares traded during the day was 33840 in over 652 trades.

The stock hit an intraday high of Rs. 84 and intraday low of 80.6. The net turnover during the day was Rs. 2779016.

Source : Equity Bulls

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