Zen Technologies Ltd secures order from Ministry of Defence

Zen Technologies Limited, a leading provider of military training and counter-drone solutions, has announced an order win from the Ministry of Defence, Government of India valued at ~₹123.3 crores (inclusive of 18% GST).

As of June 30, 2023, our order book amounted to ~₹542 crores. During the current quarter, we've successfully secured new orders worth ~ ₹733 crores, raising our total order book to ~₹1,275 crores (excluding tax). We have not excluded the orders executed during Q2 FY24 from the cumulative order book and they shall be accounted for at the end of the quarter.

Training Simulators - Rs. 590.96 crore
Counter Drone System - Rs. 456.11 crore
Services (Including AMC) - Rs. 228.25 crore.

Shares of Zen Technologies Limited was last trading in BSE at Rs. 818.15 as compared to the previous close of Rs. 831.30. The total number of shares traded during the day was 23543 in over 1044 trades.

The stock hit an intraday high of Rs. 842.95 and intraday low of 814.10. The net turnover during the day was Rs. 19383311.00.

Source : Equity Bulls

Keywords

ZenTechnologies INE251B01027 Defence OrderWin