DroneAcharya Aerial Innovations jumps over 4% on securing new defence contract

Bagging contract from the Ministry of Defence 

DroneAcharya Aerial Innovations has secured a pivotal contract from the Ministry of Defense, Department of Military Affairs, based in Bhalra, Jammu & Kashmir. The esteemed contract involves the supply of Drone Simulators and will be executed at NCPITS (CBS) Bhalra, Jammu & Kashmir.

This contract marks a significant step forward for DroneAcharya Aerial Innovations in contributing to the enhancement of military training and development programs. The contract underlines the company’s commitment to pioneering innovations in Aerial Technology and its dedication to supporting the defence sector with state-of-the-art solutions.

The contract is strategically aligned with the Ministry of Defense, Department of Military Affairs’ vision to empower its internal team members with advanced skills in Drone piloting and Aerial manoeuvres. DroneAcharya’s simulators are poised to play a pivotal role in training sessions aimed at honing the expertise of military personnel in drone flying, leveraging the latest advancements in simulation technology.

The contract’s scope aligns with DroneAcharya’s offerings in Drone-Centric professional courses. The company’s innovative approach and unwavering dedication to pushing the boundaries of aerial technology have positioned it as a frontrunner in the field.

Company profile 

DroneAcharya Aerial Innovations provides a high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high-configuration workstations, Drone pilot training & specialized GIS training. The company’s offerings can be classified into four broad categories namely, Training, Services, Surveillance and others.

Stock price movement 

At 1:30 pm, Droneacharya Aerial Innovations shares were trading at Rs 205, up by 4.30% from its previous closing of Rs 196.55 on the BSE. The scrip opened at Rs 196.70 and touched a high and low of Rs 217.95 and Rs 196.70 respectively. The BSE group ‘M’ stock of face value of Rs 10 has a 52-week high and low of Rs 243.35 and Rs 96.90, respectively. Last one week high and low of the scrip stood at Rs 217.95 and Rs 193.50, respectively. The current market cap of the company is Rs 493.33 crore.

The promoters holding in the company stood at 28.21%, while Institutions and Non-Institutions held 1.31% and 70.49%, respectively.

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