Shares of ideaForge hit upper circuit after the company received an order worth ₹137 crore from the ministry of defence.
The deets: the deal involves the supply of mini unmanned aerial vehicles along with accessories.
Mini UAVs are unmanned vehicles typically designed for various tasks including surveillance, inspection in both military and civilian applications.
The delivery of the UAVs and related accessories are scheduled to be completed within 12 months.
The why: the order will strengthen the company’s commitment to support India’s defence capabilities with cutting-edge aerial technology.
ideaForge, known for its focus on Make-In-India and advanced drone solutions, continues to play a growing role in India’s defence and security ecosystem.
