Zen Technologies Limited secures a Project Sanction Order from Indian Army

Zen Technologies Limited has received a PSO from the Indian Army for design and development of prototype of Integrated Air Defence Combat Simulator (IADCS). The prototype is to be made ready for User Trial Readiness Review (UTRR) within a period of 30 weeks.

On completion of UTRR, an order towards procurement of 16 no's of IADCS will be issued by the Indian Army for submission of their commercial offer prior to commencement of Field Evaluation Trials. The project will be completed in two phases viz., Prototype Development Phase and Procurement Phase. The equipment is envisaged to facilitate imparting training to gunners at unit level.

Shares of Zen Technologies Limited was last trading in BSE at Rs. 195.60 as compared to the previous close of Rs. 195.75. The total number of shares traded during the day was 22512 in over 1144 trades.

The stock hit an intraday high of Rs. 197.00 and intraday low of 194.80. The net turnover during the day was Rs. 4403438.00.

Source : Equity Bulls

Keywords

ZenTechnologies INE251B01027 PSO IndianArmy AirDefenceCombatSimulator