Zen Technologies Ltd's order book at Rs. 1467.32 crores

Zen Technologies Limited, a leading provider of military training and counter-drone solutions, has announced a landmark order win, received on September 22, 2023, from the Ministry of Defence, Government of India. Valued at approximately ₹227.65 crores, inclusive of GST, the domestic order is for the supply of Anti-Drone systems. Zen was the resultant single vendor for this Anti-Drone systems order. Built into the contract is Comprehensive Maintenance Contract (CMC) post-warranty, at a cost of ₹43.22 crores, inclusive of GST. This significant development reinforces Zen Technologies' market position as a go-to company for Indian IP owned Anti-drone systems. We are committed to execute our cumulative order book for equipment over the next 18 months. We anticipate receiving substantial orders in the coming months.

The break-up of the current order book of Rs. 1,467.32 crores is as follows:

Training Simulators (including service and AMC) - Rs. 819.21 crores

Counter Drone System (including service and AMC) - Rs. 648.11 crores.

Shares of Zen Technologies Limited was last trading in BSE at Rs. 755.05 as compared to the previous close of Rs. 719.10. The total number of shares traded during the day was 17728 in over 705 trades.

The stock hit an intraday high of Rs. 755.05 and intraday low of 730.00. The net turnover during the day was Rs. 13203129.00.

Source : Equity Bulls

Keywords

ZenTechnologies INE251B01027 Defence OrderWin OrderBook