Zen Technologies Secures Annual Maintenance Contract Worth Rs. 46 Crores from Ministry of Defence

Zen Technologies Limited (Zen) has signed an Annual Maintenance Contract (AMC) worth ₹ 46 crores (inclusive of 18% GST) for simulators with the Ministry of Defence. The contract, effective for a period of five years, ensures the continued maintenance of simulators designed and developed by Zen.

This AMC solidifies Zen's ongoing partnership with the Ministry of Defence and underscores the Ministry's confidence in the company's cutting-edge defence solutions. The agreement highlights Zen's ability to meet the demanding operational needs of India's defence forces through advanced simulator technology. As of this contract, Zen continues to lead the way in the defence simulation space, ensuring the highest standards of operational readiness and maintenance support for the Ministry of Defence's critical defence assets.

Shares of Zen Technologies Limited was last trading in BSE at Rs. 1707.40 as compared to the previous close of Rs. 1715.75. The total number of shares traded during the day was 9073 in over 718 trades.

The stock hit an intraday high of Rs. 1730.00 and intraday low of 1703.75. The net turnover during the day was Rs. 15551730.00.

Source : Equity Bulls

Keywords

ZenTechnologies INE251B01027 Defence OrderWin AMC