Zen Technologies Secures Major ₹295 Crore Defence Ministry Order for Simulators

Zen Technologies Limited (NSE: ZENTEC; BSE: 533339) has bagged a significant domestic contract valued at ₹295 crore (inclusive of GST) from the Ministry of Defence, Government of India. The major deal underscores the company's continued momentum in catering to the Indian armed forces' training and simulation requirements.

Scope and Contract Terms

Under the terms of the agreement, Zen Technologies will supply advanced simulators to the Ministry of Defence. The entire order is slated for execution within a one-year timeframe, reflecting a tight delivery schedule that will contribute to the company's operational revenues over the next twelve months.

The substantial ₹295 crore order further bolsters Zen Technologies' domestic order book and solidifies its position as a key indigenous developer and supplier of defence equipment and simulation systems in India.

Shares of Zen Technologies Limited was last trading in BSE at Rs. 1722.30 as compared to the previous close of Rs. 1724.25. The total number of shares traded during the day was 26563 in over 1769 trades.

The stock hit an intraday high of Rs. 1730.00 and intraday low of 1701.00. The net turnover during the day was Rs. 45549306.00.

Source : Equity Bulls

Keywords

ZenTechnologies INE251B01027 Defence OrderWin